<prompt> Human: Not being a hugely savvy money managers Ive gone for a simple approach and have all of my retirement savings in this Vanguard fund Personal Roth and Employer 403b. I know it is fairly broad based and re-allocates for me so it seems on the surface to be a reasonable place to let the money sit. Can anyone enlighten me on why this might be a poor strategy? Or have some incremental suggestions for how to improve it? I know I have read people suggesting essentially buying the individual components of the fund and re-allocate yourself to get a lower expense ratio...  <response>: The only way it would be a poor strategy is if your risk tolerance didnt match the funds risk profile. A target fund is a one-size-fits-all approach towards risk tolerance, some might prefer to give up some future gains because they cant tolerate watching their investments lose 50 of their value. 