You could buy a “target retirement 2040” fund if you expect the eschaton around 2043 and you want a little time before then to relax. If you are 20 that is different to the “target retirement 2075″ you might otherwise get.
Diligent people in their 20s are probably better off diligently increasing their ability to be happy and productive and useful, rather than their retirement savings. Mostly the benefit of early retirement savings is to get into the habit and to make your financial mistakes while you don’t yet have much money to lose.
The future appears unusually uncertain this century and insuring against various negative outcomes, to the extent that can be done simply, is probably best.
You could buy a “target retirement 2040” fund if you expect the eschaton around 2043 and you want a little time before then to relax. If you are 20 that is different to the “target retirement 2075″ you might otherwise get.
Diligent people in their 20s are probably better off diligently increasing their ability to be happy and productive and useful, rather than their retirement savings. Mostly the benefit of early retirement savings is to get into the habit and to make your financial mistakes while you don’t yet have much money to lose.
The future appears unusually uncertain this century and insuring against various negative outcomes, to the extent that can be done simply, is probably best.