You can still benefit from our automation and tax optimization Although the use of a Flexible portfolio means your preferences may deviate from our portfolio recommendation, you still get access to our automated investing and tax features. These include things like automatic rebalancing and Tax Loss Harvesting. Altering or removing asset classes altogether, however, may impact the effectiveness of tax-saving strategies. The drawbacks of a Flexible portfolio Adjusting an investment portfolio requires careful consideration, experience, and a higher level of effort beyond choosing one of our preset portfolio strategies. Your performance may be better or worse than the performance of those portfolio strategies with a comparable level of risk. And beyond the potential for diminished tax-saving strategies, choosing a Flexible portfolio also disables the Auto-adjust feature. This feature automatically “glides” your portfolio to a lower overall risk level as you get closer to the end date of your goal. Without it, you’ll be responsible for manually maintaining the appropriate allocation of stocks and/or bonds and its corresponding risk level.