<prompt> Human: Im 36 and looking to put my savings into a vanguard target date Roth ira account. There is a guide that had my age range picking target year 2045. Ill be 65 in year 2045.. so does that mean if I pick that plan I cant pull out money from that fund without incurring penalties? Makes me wonder if I should pick a 2040 or 2035 plan instead so I can access the money sooner. Is this how target date funds work ?  <response>: The dates have nothing to do with when you take the money. Thats all set by the governmenttype of account. For an IRA look at .Target dates are managed in a way that they become more conservative as time goes on. So the closer you get to the target date the less stocks and more bonds youll have basically. 