FIOFX
FIDELITY FREEDOM INDEX 2045 FUND INVESTOR CLASS
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My Roth IRA performance is lagging over the years and needs a tune up - your opinions and ideas; a discussion
High expense ratio target date fund for Rollover IRA ...can I just move it?
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I did mine as self directed and put some funds into FIOFX.
True but the fees are negligible now. For example FIOFX has expense ratio of .12% vs VT .06%… so for a portfolio of $100k you’re paying $60/yr to have it auto balanced and lose the temptation to day trade.
Nervousness is completely understandable. The financial advisory industry really does try to make investing seem exceptionally complicated and intimidating. But investing really can be simple *and* easy. My recommendation to you: * Go to Fidelity/Vanguard/Schwab. Pick one. (For illustration below, we will pick Fidelity, but the concepts translate to Vanguard/Schwab if that's what you want to go with) * Open Traditional IRA at Fidelity. * Then, at Fidelity, [click through buttons to transfer Traditional IRA](https://www.fidelity.com/customer-service/transfer-assets). Call Fidelity if you need hand holding. They are happy to do so. * Fill out form to transfer account from wherever you have it now to Fidelity. * Submit. * Wait. Can be as short as 1-2 days. Can be a week. * Stuff magically disappears at old place. * Stuff magically appears at Fidelity in your Traditional IRA. * Submit order to buy [FIOFX](https://fundresearch.fidelity.com/mutual-funds/summary/315793877) - Fidelity's 2045 Target Date Index fund. That's it. You're done. You never have to look at it again if you don't want to. This one fund will progressively adjust to become less aggressive over time in preparation for your anticipated retirement in 2045. This one fund can carry you till death (Buy during working life; sell during retirement). Investing really can be *that* easy. Now, maybe you're wondering about fees. The way to evaluate this is to look for the "Exp Ratio (Net)" for that FIOFX fund that I linked earlier. Look for that. What % does it show? Now again refer back to the chart I showed you in the SEC link in my original comment to you. This is how you can understand how much a 1% fee can really cost you.
FIOFX. Weekly buys. Easy easy.
I have a vested 401k through a previous employer that I have not rolled over to my new employee fund. It is set to target 2045 FIOFX. Would it be more beneficial for me to change the investment to FXAIX, if that is even allowed since it was managed through this other employer?
Another easy option for a retirement account could be target date funds. These funds are well diversified and automatically rebalance, reducing risk the closer you get to retirement(target year). For example, Fidelity FIOFX, or Fidelity Freedom Index 2045
I have Fidelity from work, why open a Roth IRA as a apposed to another form of IRA? Also, what is FSKAX and FIOFX? Stocks? If so, why these stocks?
I have FSKAX and FIOFX, which has had just under a 25% increase.
[https://www.morningstar.com/funds/xnas/fiofx/portfolio](https://www.morningstar.com/funds/xnas/fiofx/portfolio) Above shows 54% U.S. Stocks. 36% foreign stocks, 10% bonds. Up 15% year to date and 24% over one year and up 20% in 2023. That is quite good. The stock/bond allocation seems reasonable (to me) for someone who is 45. With 10% bonds FIOFX even seems slightly aggressive. The fund also has a 0.12% fee and GOLD rated by Morningstar. For comparison, other 2045 funds seem less aggressive with the Vanguard 2045 fund at 15% bonds. American Century, AAKDX, is 24% bonds. Not sure you can beat that without too much additional risk. You might google: "chasing returns"
>My question is what are some ETF options that I can add that won't be redundant (are already in my Target Date fund). To expand and show what /u/plowt-korn mentioned: https://fundresearch.fidelity.com/mutual-funds/composition/315793877 * Expand the drop down for "US Equities" * Click the link that appears for "Fidelity Series Total Market Index Fund" * Compare the holdings there to the holdings in VOO. You should find everything that VOO has inside that. Go back to the FIOFX composition breakdown page (the one I linked). You'll see that (as of this comment) over 53% of FIOFX is the US total market. Within the US total market, the S&P 500 (VOO) currently makes up over 80% of the weight. So 53 x 0.8 = 42.4% of FIOFX is currently already the entirety of VOO (actually probably more, I think that 80% is an outdated rounding down) >Currently investing into a Target Date Index Fund, however I have time to make up for and would like to make my portfolio a little more aggressive (I honestly don't know much about investing, still learning While reducing the weight of bonds and increasing stocks is going more aggressive, you'd be watering down your exposure to the US extended market and international markets, both of which can be argued to be just as, if not more, aggressive when compared to the S&P 500.
> My question is what are some ETF options that I can add that won't be redundant (are already in my Target Date fund). For reference, the fund I'm investing in is FIOFX. An indexed target date retirement fund includes (basically) every publicly traded company in the world, so there's no such thing as a fund that doesn't have any overlap. > Would something like VOO be a good idea? That's a reasonable choice, sure.
> But can I just click a few buttons on my Fidelity account and move the whole rollover account from FFFGX to FIOFX? yes. do an 'exchange'. log in > click on fund within your account > trade > action > exchange > select dollars or shares > select new fund. there are some restrictions, e.g. can't trade more than $1000 in a fund until it's been held for at least 30 days. but if this IRA is a few years old, no problem. can do it all at once if you prefer.
In a 401k plan, you may have access to a different class of a fund than available through a retail distribution channel. Investment managers will sometimes offer different classes of the same mutual fund with different expenses based on how the fund is distributed. Normally - you would have to check the prospectus or check the actual ticker for the fund. All investment managers also provide simple tear sheets about their funds and must legally report the expense ratio in a standardized format. The easiest way to check the expense ratio for a fund is usually the investment managers web site. Note that an investment manager is not the same entity as a broker. Large integrated firms like Fidelity have both investment management and brokerage businesses so you can always check Fidelity fund information easily on their brokerage and benefit management (I.e. your 401k) platform. Assuming that you are using the Fidelity fund - FIOFX which is the investor class fund - you can find the prospectus and tear sheet here - [https://fundresearch.fidelity.com/mutual-funds/summary/315793877](https://fundresearch.fidelity.com/mutual-funds/summary/315793877) The expense ratio is on the tab that says "Fees & Distributions" and the funds that make up the TDF is in the tab that says "Composition". From an expense perspective - FIOFX expenses are consider low and below the industry average for a TDF. Also - if you look at the bulk of the underlying funds in FIOFX - they are: [https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/315911537](https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/315911537) [https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/316146679](https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/316146679) [https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/31635T823](https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/31635T823) These are all extremely low expense funds. Note that in a 401k plan - your employer can choose to carry the burden of the fees or share some other portion of fees with employees. So if you have choices for low expense funds, your employer may have decided to pay more fees to Fidelity or perhaps there is a 401k qtr fee that you share in your 401k.
I’m in FIOFX and it’s 0.12%. Which one are you looking at?
>FDEWX That's 2055. >FFFGX That's 2045. FIOFX is the 2045 index one.
>that are 5 star graded I'd put zero trust in the star ratings. >FFFGX FIOFX will be a target date fund that is far cheaper since it is index based, and would only be about 3.2% China combated to 4.3% China. >that has a lot of exposure to China, 4% isn't all that much to me, but ok. >and person X is looking to move that money in fidelity to either a mutual fund or actively managed ETF— which mutual fund or ETF’s would ya’ll recommend FSKAX + FSPSX + EMXC should be 0% China but cover everything else.
[FIOFX is 0.12%](https://fundresearch.fidelity.com/mutual-funds/summary/315793877). If you willingly go with the more expensive version, that's on you.
Fiofx, aapl, dpz at 30, 27, and 13%. I was really heavy at aapl 2 years ago at >50% but now I’m all in with FIOFX. Boring and steady is my plan nowadays and Cresco
The difference between those funds are minimal, they both follow a glide path in the same investments, only difference is one becomes a little more conservative sooner (more bonds) than the other. The target years are only a guide, consider selecting a target date fund according to how much equity exposure you want when you retire. [https://www.investopedia.com/terms/g/glide-path.asp](https://www.investopedia.com/terms/g/glide-path.asp) [https://institutional.fidelity.com/app/literature/item/9887468.html](https://institutional.fidelity.com/app/literature/item/9887468.html) [https://www.bogleheads.org/wiki/Target\_date\_funds](https://www.bogleheads.org/wiki/Target_date_funds) If you decide one of those two target date funds are the right one for you, I would make all future contributions into that one fund and leave the other alone since there isn't a big difference in investments between FIOFX and FIPFX.
Set it and forget it for the smart investor?! So I’m looking for index funds or target date funds to store in my Trad IRA forever. I don’t want to bother with the Trad IRA at all lol. Right now, I have both FIOFX and FIPFX (with Fidelity) in the IRA with 65K. I’m not sure if this is the most logical investment choice as I’m wondering if the funds are basically the same thing. Should I keep it as is, combine my money into one TDF, or are there better options out there for a set it and forget it for a Trad IRA? Suggestions, experiences, thoughts welcome. TIA!
Have you considered a single index target date fund at Fidelity, it will save you on fees and basically follow the bogleheads three fund portfolio. [https://www.bogleheads.org/wiki/Three-fund\_portfolio](https://www.bogleheads.org/wiki/Three-fund_portfolio) Examples of Fidelity Index target date funds: Fidelity Freedom® Index 2040 Investor (FBIFX) Fidelity Freedom® Index 2045 Investor (FIOFX) Fidelity Freedom® Index 2050 Investor (FIPFX) Fidelity Freedom® Index 2055 Investor (FDEWX) Fidelity Freedom® Index 2060 Investor (FDKLX) Fidelity Freedom® Index 2065 Investor (FFIJX) Vanguard's website is helpful if you are unsure of which target date year to select (the Fidelity index versions) are similar to the Vanguard one's. https://investor.vanguard.com/investment-products/mutual-funds/target-retirement-funds