Fidelity Target Date 2070 fund with 0% expense ratio

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B2FiNiTY said:
2070? Ain’t nobody got time for that.
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The asset allocation is appropriate for someone in their 20s, or older folks looking for more aggressive portfolio. TDF's increase bond allocation as you get closer to the specified/retirement date.

John C Bogle suggested on taking future realized value of social security as count it toward bonds:

So if you take this approach, you might reduce your bond allocation in 401k/IRA. You could invest in a 2070 TDF even if you're older.
 
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momopi said:

FRBQX - Fidelity Flex ® Freedom Blend 2070 Fund | Fidelity Investments

Analyze the Fund Fidelity Flex ® Freedom Blend 2070 Fund having Symbol FRBQX for type mutual-funds and perform research on other mutual funds. Learn more about mutual funds at fidelity.com.
fundresearch.fidelity.com

Open to new retail investors. This fund invests in a range of Fidelity funds that are typically reserved for institutional or advisors.
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Thanks for sharing. Is this an ETF? How does it compare to other popular ones like QQQ or SPY? Thanks.
 
YMMV said:
I am confused. How could a retirement fund be suitable to someone in their 20's?
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Look at the asset allocation, it's 94% equities and 6% bonds.

As a target date fund, it follows a "glide path" where the bond component increases as you get closer to retirement age.

TDF's are quite popular in 401k plans, even for those in their 20's.
 
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