S&P 500 vs Total Stock vs Target Date

Hey man gotta question for ya. It appears that my current 401k plan I’m in with the Globetrotters is a Target Date Index Fund. So when I open an IRA and a regular brokerage account should I choose other index funds such as the S&P or the Total Market fund to be diversified? Or should all 3 of my accounts be in a target date fund in your opinion?

I would throw a target date index fund into every long term investing account. The reason is that the S&P 500 is INSIDE of a target date index fund. So by buying both, you’re not getting more diversified, or something different, you’re just kind of doubling up on the same thing in a way that messes with the coherent asset allocation in your TDIF.

Here’s an ice cream analogy:

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