Decoding the Legal Jargon: How AI Can Help You Choose Between Index Funds and Target Retirement Funds (2060)
- April 6, 2024
- Posted by: legaleseblogger
- Category: Related News
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### Considering Investment Options for Rolling Over Roth TSP
I am currently in the process of rolling over my Roth TSP into a Roth IRA. My initial plan was to invest solely in the VTSAX fund to maximize my returns. However, I am now contemplating the idea of adding the Vanguard Target Retirement Fund 2060 to my investment portfolio.
Should I divide my contributions evenly between these two accounts, or would it be more beneficial to allocate more funds to one over the other? I would appreciate any insights or tips on this matter.
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I always advise people AWAY from target date funds because they’re way too conservative IMO.
Since I came in the military, the S&P is up 447% and the Vanguard 2040 is up 243%.
Since the Vanguard 2060 fund started, the S&P is up 381% while the 2060 is up 202%…
I’m in my 40’s and still do not feel the need to have any bonds in my portolio. I have enough time until retirement that I’m comfortable in 100% stocks.
Also, if you plan to have a military retirement, there is definitely no need to have any bonds elsewhere. Your retirement is worth approximately $1-2M. As someone in their 40’s, they advise you to have 30-40% of your portfolio in bonds. The retirement represents my bonds so until I have $5M in stocks, there is no need to have a fund that allocates into bonds.
Use the target date fund if you want vanguard to gradually shift you into bonds as that date approaches.
Use VTSAX for a diversified equity fund that will stay in stocks until you change that yourself at some point in the future.
Go half and half if you think the 2060 fund is too conservative for the mix of stocks and bonds that you want in the account and you want more exposure to stocks.
Everyone situation is different. I am a retired O-4 with 100% VA. I’m not using any targeted funds because I will keep a few years worth of withdraws on hand at any point and if the market crashes I’ll just live off what I’ve stored and my pension and VA. Just a personal opinion but if you’re able to meet most of your needs with your retirements you can afford to be more aggressive as you not depending 100% on your investments to provide retirement income.
These are two completely different products and therefore comparing returns would be misleading. The question is, what do you want your portfolio to look like?
VTSAX – obviously US total market equities.
2060 – A globally diversified portfolio of stocks and bonds with a glide path of reducing equities and increasing bonds.
They serve very different purposes. This is very much a question of portfolio construction rather than product selection.