I know that adding 65 to your birth year and rounding to nearest option is how it’s recommended to choose a TDIF; however, what if I plan on retiring significantly earlier than 65?
I’m 33, have no debt, and net worth of approx. $250K. A small portion of that is invested in a 2050 Fidelity TDIF. Let’s say I want to aim to retire 10 years early (at 55)… Should I stick with investing in the 2050 or +/- 10 years?
I know it’s counterintuitive that a later target date means a more aggressive investment strategy. I guess I can’t wrap my mind around which way to go. Perhaps I’m overthinking!