Target date funds? good or bad?
Good evening ER comrades! Soon to be 55 and plan on ERing end of Aug. House paid off.Total living expenses equals 1200 dollars a month.This includes retirement employee health care 150 a month,insurance and taxes on house 200 a month,car and ins.250, water bill 50,phone 50.Food and entertainment about 500 .Dear Gf pays utilities.God bless her! Income from two paid off rentals 1100 a month,1200 pension and 1000 from 401k a month will give me about 3300 a month in income.My 401k includes 175k in cash and 175k in a TRowe Price retirement target date fund T4.Allocation is 40% equities and 60% bonds.I just realigned my portfolio after this stock market run up. I figure I will use the 4% withdraw method till age 62 then reevaluate my position.Anyone use the target date funds?I need to keep money in my 401k as I get penalty free distributions, so I cant roll over to an IRA.Thoughts would be greatly appreciated! Thanks!