If you're investing in a taxable account, Target Date funds might be less preferable than holding the underlying funds (or similar funds if the underlying funds

If you're investing in a taxable account, Target Date funds might be less preferable than holding the underlying funds (or similar funds if the underlying funds aren't available). Vanguard recently made changes to their target date funds that resulted in a lot of redemptions and extra costs to those holding these funds in taxable accounts.