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Everyone says to just use a target date fund and forget it, but I think that's lazy advice.
I tried to set up a simple three fund portfolio for my Roth IRA last year, thinking it would take an afternoon. I got stuck for a MONTH just trying to figure out the right asset allocation. Every calculator gave me a different number, and the advice online was all over the place. I spent hours reading old forum posts and comparing my age and risk tolerance. I finally landed on a 70/30 stock to bond split, but picking the specific funds at Fidelity added another week of research. It felt like I was building a rocket ship just to save for retirement. Has anyone else found the basic setup way harder than the experts make it sound?
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wren3016mo ago
Honestly, you might be overthinking it to the point of stress. The difference between a 70/30 and an 80/20 split over 30 years is probably not worth a month of your life. I just picked a total market fund and called it good enough.
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