<prompt> Human: My father-in-law has been cutting us in on his annual bonus for the last year or two since my wife has been disabled and unable to work. My income covers us both and we are in the black. I have an IRA and a brokerage account through a financial planner, and Ive been making regular contributions that go towards stock or ETF purchases that he and I discuss over time. When I got this years share of his bonus I asked on the SA finance forum whether I should invest the windfall into the principal of our mortgage or if I should invest it. When I mentioned a financial planner, they gave me some very interesting reading material about how Id basically be best off taking everything I have in brokerage, selling it, and putting it into Vanguard 2045, then making normal contributions to it after maxing my IRA. I am open to this idea given the expense ratio of a lot of my backbone funds with the planner, which weve kept on his recommendation. For the curious, our current portfolio is here: So am I looking at the right idea here, moving everything possible into Vanguard 2045? We have no other debts other than our mortgage.  <response>: First, you have a lot of holdings in your portfolio, it is way more complicated than you probably need. Secondly, the expense ratios arent listed in what you linked, but I looked up the info for one of your top holdings CCACX and the expense ratio is a whopping 2.19. That is insane! Dont pay those types of fees, go with Vanguard.Edit: wow, CSCCX is 2.31 and CMACX is 2.12. Does your financial planner work for this Calvert Investment group or something?Second edit: Those funds also have a load fee and have underperformed the SP500 for their entire life. Im no financial expert, but in my opinion you need to drop your planner asap and take control of your portfolio at Vanguard, as you mentioned. 