Any drawbacks to duplicating asset classes between Roth and 401K?
I'm invested in two target retirement funds, the 2035 fund with T. Rowe Price (Roth), and the Freedom 2035 fund with Fidelity (401k). Obviously, I'm a hands-off investor; I prefer having professionals rebalance the funds over time.
My question: are there drawbacks to having two retirement funds that invest in similar asset classes? If so, and I got out of one of the funds (it would be Fidelity), any suggestions on an allocation strategy that would enable me to still be hands-off (as much as possible)?