I’ve got a question that I’d appreciate an answer to if possible. A few months ago I left Halliburton and haven’t touched my 401k, yet. I’ve been maxing out my contributions for years but always have heard how targeted date funds usually underperform the market long term. The plan is limited as far as what I can invest in. In talking to a fidelity advisor he’s wanting me to do a Roth conversion and let them manage my account through their large cap strategy. I mentioned I’m interested in going into some of their higher returning index funds. He told me if I’m not on top of it every day that it’s a bad decision since I wouldn’t be doing constant “maintenance” on the account. Thoughts? I feel like he’s a commission based salesman trying to gain another customer.
Edit: I’m 50, and will work until 62, maybe 64. I won’t need to start drawing until 66 at least as my wife is 8 years younger and makes good money. I’ve never asked an amount but around the time I turn 70 I’ll receive a couple million when my mother passes. I’d like 4 million in the account by 66, 16 years from now. I currently have reduced my investment to $1500 a month.