<prompt> Human: I have a Fidelity Roth IRA with the Fidelity Freedom Fund 2050.These articles convinced me that the 0.80 expense ratio is a complete waste of money:One alternative the author mentions is simply investing directly in index funds with much lower expense ratios. Any thoughts on this strategy? He even goes so far as to layout a potential mix of Index funds similar to the 2040 version of the Fidelity Freedom Fund:50 Fidelity Spartan US Equity Index Fund FUSEX15 Fidelity Spartan Extended Market Index Fund FSEMX20 Fidelity Spartan International Index Fund FSIIX15 Fidelity US Bond Index Fund FBIDXAlso, not to make this question too complicated... but Ive heard Vanguard is better than Fidelity. Investing in their 2050 fund would surely be simpler than creating my own mix of index funds.Id rather not transfer my IRAs to Vanguard, but what if I just bought their version of the 2050 retirement fund with 0.19 expense ratio through Fidelity VFIFX. Whats the downside to that? Are the fees completely ridiculous?  <response>: Agreed, you could do better than .8. This doesnt answer all of your questions, but I just thought I would let you know that it wasnt bad to move my wifes IRA to Vanguard. If you go that route, just give them a call and theyll guide you through the process.Also, one other piece of info since you seem interested in low expense ratios. Fidelity and Vanguard both have other share classes Advantage and Admiral, I think for some funds when you have a higher balance. These classes have even lower expense ratios. 