re: Should I change my Roth IRA fund?

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Okay. What holdings should be different between them? I mean, they are identical for a reason. Why would the 2045 fund need to be in a different index fund than the 2065 one? I'm not understanding your argument here.

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This is a whole other can of worms I’d rather not open, but in short - the 2045 should have more to it than just 4 funds. Could also make the argument that 2065 only needs two, but don’t want to get into all this...

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you are basically arguing that the problem you have with the funds is that they help solve a problem that they are designed to help solve.

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I think it’s great that it’s helping people get started but I’m arguing that the name is misleading. People need to know what they’re getting themselves into. Calling something a Target does not have the same connotation as Basic Investing or Simple Investing which is what it truly is.
The extent of what many people know about these funds ends at the name of the fund. They don’t know anything else about it and that’s a problem whether they realize it or not.

Risk comes from not knowing what you’re doing, and Warren Buffet said that.