<prompt> Human: Im finally at a point where my debt is nearly paid off, except student loans, and I have 10 k in Ally. I have over 100k in my 401k set up in a retirement fund dated for 2040. I am 41 years old and have 3 kids.Is it a good idea to swap my 401k to a more aggressive fund instead of the retirement 2040? I like the forecast of the SP large cap index. Also I am considering the value of sharing my savings with my sons for their investment future. Perhaps assist with maxing a IRA or Vangard?I have enough set aside in an emergency fund, I just feel like I am missing the opportunity to make better decisions with my money, especially for my kids future.Any ideas?  <response>: for your kid - they cant open an IRA unless they have earned income. A better option would be to open a 529 College Savings. That will let them get through school for free or a lot less meaning they can start investing once they get out rather than paying off student loans.AS for switching your investments - the only reason to move to a more aggressive fund is because you feel like the asset allocation for the current fund doesnt match your personal risk tolerance. Personally, Id recommend looking into the 3 Fund Portfolio It is set up similar to the TDF, but gives you more control over the actual AA and allows you to make it more aggressive if you feel that is best for your future.Lastly - you are 41 and only have 100k for retirement. Using the 4 rule spend 4 of the balance and it should last you 25 yrs in retirement you currently only have 4k a YEAR to live on. So you need to start looking at saving more for retirement. The best thing you can do for your sons is give them a parent they wont have to financial support in the future.So: what to do: increase your retirement savings to at least 15 of your income. If you dont like the TDF2040, look into the 3-Fund. Make sure you arent an economic anchor on your kids future. 