sciguyCO t1_jeg9b1i wrote on March 31, 2023 at 8:07 PM

Reply to comment by yeppeuntwofive in Weekend Help and Victory Thread for the week of March 31, 2023 by IndexBot

I do find it odd that a 401k plan managed through Fidelity is offering Vanguard's funds. Most bigger brokerages stick with just their own "in house" funds. Could just be something with your particular employer's plan.

But for a personal IRA, while you might be able to buy Vanguard's TDF in a Fidelity IRA, Fidelity is going to charge extra for it, usually through transaction fees. You can bypass those by just sticking with the "Fidelity Freedom Index 2060", their version of a target date fund. But make sure you get the "Index" version, they have an actively managed TDF with a higher expense ratio.

While they're issued by different brokerages, there is very little practical difference between a target date fund through Fidelity and one with Vanguard. Almost all TDFs follow pretty similar guidelines around asset mix vs. time. So a 2060 "Fidelity Freedom Index Fund" won't be too different from Vanguard 2060 "Target Retirement Fund".

yeppeuntwofive t1_jeh3v7b wrote on March 31, 2023 at 11:46 PM

Yeah, it was weird that the only TDF that my employer 401k had was just Vanguards even though it’s managed by Fidelity. But thank you so much for the input! Didn’t know about the fees so that’s nice to know, going to follow your advice with doing a different TDF for my Roth IRA! So the Fidelity Freedom Index Fund 2060 is FDKLX, correct? Just want to make sure!