Hello! First wanted to say that this is my first time posting in any of these communities. I have spent the last 18 months or so educating myself, reading all the recommended literature, and taking control of my financial life and future. This place seems to be one of the most level headed so I thought it would be okay to ask my question here. I have seen similar threads asking this question when searching but still wanted to clarify my choices here.
So lucky for me my company automatically put my 401K in a Fidelity Freedom Index fund in my first 10 years of contributing which is all before I knew anything about investing or. Currently the portfolio is composed of 55% US Equities, 36% international, and 9% bonds (I assumed these will be rebalanced periodically).
As my retirement date is not until 2055, I've been tempted to switch these allocations over to a mix of FXAIX and FSPXS, forgoing bonds until I get closer to retirement. I know this would be a much more aggressive strategy. What I am asking is if it's naive of me to want to tinker with these allocations given that the target date fund is already a 3 fund portfolio? I would be saving a bit on cost but would also become less diversified. Don't mind having to rebalance this myself. Thank you!