ITDD
iShares LifePath Target Date 2040 ETF
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I guess it would depend a lot on the individual's other holdings and what their overall desired asset allocation is. 60/40 equity to bonds would be way too conservative for me, but I am 60, about 4-5 years out from retirement. I am not sure what inherited/divorce-hold is? I have an inherited IRA so I do understand those, but I am not sure how divorce comes into play and what impact it might have on managing the account? Does the account have to be emptied within ten years? Is it subject to RMDs? The comment suggesting a one-fund solution is a good one IMO. If not AOR or AOA, then possibly a target date fund for 2040 or thereabouts. ITDD, iShares LifePath 2040, is one that you can buy at Merrill without paying a fee like you probably would with a mutual fund. But either way, whether one fund or three, I think it is a fantastic idea to consolidate. I would not wait on anything other than possibly double-checking those mutual funds to make sure they don't have a deferred load fee, meaning the account might be charged a fee if the fund hasn't been held for a certain length of time.