On: I have made the decision to disband Hindenburg Res...

[youngtaff]

You still need to be invested in equities at retirement otherwise inflation just eats away at the value of the cash

[sgerenser → youngtaff]

That’s why these target funds go down to ~50% stocks [edit: at the target date] not 0.

[ac29 → sgerenser]

At least at Vanguard the final stage of target date funds is ~30% stocks: https://investor.vanguard.com/investment-products/mutual-fun...

[sgerenser → ac29]

That fund is currently at 50% stocks. It does get more conservative as you get past the target date, but I was mainly referring to the stock percentage at target date, which the parent poster implied was almost zero.