Originally Posted by jbarwick
I would look at fees on those target date funds. My company has higher fees on those but the majority of 401k holders are in those funds. I am sure you could mimic what is in those funds on your own to save some $ and update it yearly. It would just take a little research every year. Unless this TRP Retirement 2055 fund is something outside of work and a personal account. Then it would take more research and figuring out which options to pursue.
Eh...the expense ratio on Conne's fund is low enough that it doesn't matter (0.78%).
Some things just make more sense to automate. If Conne wasn't already interested enough in this stuff to be doing it on his own, it is probably not worth his time to do his own. Target date funds are a great thing.
The only thing I would do with a target date fund is consider one that ends after you plan to retire if you want a little more risk. I tend to think that the default options seem a little more conservative than I would like but if you jump to a 5-year older fund, it looks a little better.