Are Index Funds Too Risky Now That They're Packed With AI Stocks? (FQF)

This week in Five Question Friday (FQF): Question 1: Are index funds now too concentrated in AI stocks? Question 2: Should you accept Fidelity's pitch to move $600,000 into a separately managed account (SMAs)? Question 3: Why does a TIPS fund like IBIG yield about 5% when an individual TIPS yields less than 3%? Question 4: Should your asset allocation adjust for taxes you'll eventually pay on IRA withdrawals? Question 5: Why do retirement calculators like Boldin, Pralana, and ProjectionLab give such different Monte Carlo success rates? Resources My video on after-tax asset allocation: The Case Against After-Tax Asset Allocatio... My Boldin vs. Pralana vs. ProjectionLab comparison: Boldin vs. Pralana vs. ProjectionLab: Chan... S&P 500 concentration (RBC, "The Great Narrowing"): https://www.rbcwealthmanagement.com/e... Current S&P 500 weights (Slickcharts): https://www.slickcharts.com/sp500 Fidelity Managed FidFolios (direct indexing): https://www.fidelity.com/managed-acco... iShares iBonds Oct 2030 Term TIPS ETF (IBIG): https://www.ishares.com/us/products/3... 5-Year TIPS real yield (FRED): https://fred.stlouisfed.org/series/DFII5 TIPS funds, phantom income, and taxes (Tipswatch): https://tipswatch.com/2026/05/24/isha... "After-Tax Asset Allocation," William Reichenstein (Financial Analysts Journal, 2006): https://papers.ssrn.com/sol3/papers.c... Tax-adjusted asset allocation (Bogleheads wiki): https://www.bogleheads.org/wiki/Tax-a... Join the Newsletter. It's Free: https://robberger.com/newsletter/?utm... Financial tools I use: I track all of my investments, performance, fees, and asset allocation with Empower. It's Free: https://go.robberger.com/empower/yt- I use Monarch Money to manage our budget: https://go.robberger.com/monarch-yt/y... My retirement plan comes from Boldin, the most robust retirement planner available at a reasonable cost: https://go.robberger.com/boldin/yt- I used Capitalize for my last 401(k) rollover. They did all of the work, and it's Free: https://go.robberger.com/capitalize/yt- My Book (Retire Before Mom and Dad): https://amzn.to/4d9qbhA #retirement #investing #robberger 0:00 Intro 1:06 AI concentration in index funds 8:43 Fidelity's separately managed accounts (SMAs) 17:06 TIPS fund yield vs. an individual TIPS 21:58 Before-tax vs. after-tax asset allocation 26:07 Why retirement calculators disagree (Monte Carlo) ABOUT ME While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel. I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE) LET'S CONNECT Youtube: @rob_berger Facebook: Facebook: financialfreedomguy Twitter: Twitter: Robert_A_Berger DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. *Disclosure*: Some of the links in this description are from partners who compensate us. This means — at no extra cost to you — I may earn money if you click and sign up for a product or open an account. This creates a financial relationship that may influence my recommendations, but I only recommend products and services I believe in and would recommend to my own mom. Advertisers have no control over my content. Read the full advertiser disclosure here: https://robberger.com/how-we-make-money/