First off, it isn't too old. I've seenguys shoot really old bows very well. Just practice with it. It would be helpful to you if you took the bow to a shop and had them set it right.

As far as targets go, with field points, use a bag target. Will last for a LONG time. Broadheads, I would get a yellow jacket. I bought a new block 4x4 pro, and it isn't holding up well. Plus they are twice as much as the yellow jacket.

Good luck.