Re: Starting small with 2035 portfolios
I haven't looked at the Fidelity fund, but I looked at Vanguard's Retirement series and Lifestyle series. I 've come to like them very much and recently moved most of my IRA into Lifestyle Moderate Growth.
The usual advice is to gradually shift towards a higher bond concentration as you approach and enter retirement, which Retirement 2035 does. Personally I've decided there's an element of market timing in that and plan to stick with a consistent ratio (60/40 to 70/30) between now (at least 15 years before retirement) until death. That's why I went with Lifestyle over Retirement 20xx, but I'd have no problem with Retirement 20xx if I wanted to shift weights as I go.
My only objection to those funds was the Asset Allocation fund component as it's actively managed and shifts weight between bonds and stocks as the manager sees fit. I got over it.