I have never been a high earner, but have slowly been adding to a Vanguard 2055 targeted retirement fund held in a Roth IRA, VFFVX, ever since I learned about FIRE when I was in college. Now I am in my mid thirties and have been learning more about investing over the last year. I realize that VTI/VOO would have given me much more growth than VFFVX.
My question is whether or not it is smart to transition away from VFFVX into VTI, and if so what is the most sensible way of doing it?
I see the options as either:
* selling all of my VFFVX accrued over the last 15 years and use it to buy VTI in a lump sum
* selling chunks of VFFVX and DCA'ing into VTI over the span of a year
* Keep the VFFVX and just put all future contributions into VTI
My partner and I live very cheaply on a sailboat outside the US at the moment and make just enough to maybe max Roth IRA contributions every year. Please let me know if I left out any pertinent details that would be helpful, thanks!