Target Date Index Funds 2050 vs 2055

Investing
#1

Happy New Year’s all! Feeling more confident about my investment knowledge thanks to Jeremy’s course.

I was born in 86 and I opened an Roth IRA with Fidelity (already had a 401K through my employer and they match). My retirement year is 2051 so my question is does it matter whether I chose FIPFX (2050) or FDEWX (2055). I chose FDEWX because my thought process was I wanted a few year more of aggressive investment. Currently have $1,500 in the Roth IRA but I wasn’t depending on it as my primary source of retirement income. My 401K has over $60K which is invested in Target Date Funds for 2050 (sadly no target date index fund options offered by my employer) so that would be my primary source of retirement income.

Since I have a low balance in the Roth IRA, I guess it wouldn’t hurt if I had to switch to FIPFX?

Regards,

#2

I think it only matters because you said you want to have a more aggressive approach to your investments and you seem to have a solid understanding of the underlying funds in each.

I’d stick with FDEWX.

#3

Thanks. I appreciate your reply @Chadmethner

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