Because FreedomFund 2055 charges three-quarters of a percent per year management fees:

https://money.usnews.com/funds/mutua...und/fdeex/fees

Vanguard index 500 would cost you seven-hundreds of a percent.

https://money.usnews.com/funds/mutua...und/vfiax/fees

You are paying Freedom Fund ten times as much to manage your money and you are unlikely to get as good a result.

And if you don't like Vanguard, that's fine, Schwab or any of a number of other index funds have FAR lower expense ratios than Freedom Fund.

https://money.usnews.com/funds/mutua...dex-fund/swppx

You really need to check an Andrew Tobias investment book out of the library and read it on your next long deadhead.