Target-date funds are more popular than ever these days, in part because they have become standard features of workplace retirement plans. But the best thing about target-date funds is that the managers take care of everything. They craft a portfolio of stocks, bonds and other assets that a...
"When it comes to building and preserving wealth, it's easy to do one or the other, but it's difficult to do both," says Rich Lang, investment director of the American Funds Target Date Retirement Series. "As Morningstar has recognized, the American Funds Target Date Series is able to ...
Or, if you'd rather simplify things, you can buy a fund that invests in all that stuff at once. These funds are known as balanced funds, life-cycle funds or target-date funds. NEXT: What kinds of stock funds should I consider?
Bond Funds for Retirement These bond funds stand out as top picks for retirees in 2024. Coryanne HicksNov. 18, 2024 7 Best Funds to Hold in a Roth IRA Looking for tax-efficient income or growth? Consider using a Roth IRA to hold your funds. ...
Find a professionally managed mutual fund. U.S. News has ranked more than 4,500 mutual funds. Rankings that combine expert analyst opinions and fund-level data.
. If you need to access your money in less than five years, an aggressive growth fund is likely not the best strategy. One example of a fund that has the time horizon already built in is atarget-date fund, which adjusts its risk level based on how close you are to retirement age....
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6. Target-date funds Overview:Target-date fundsare a great option if you don’t want to manage a portfolio yourself. These funds become more conservative as you age, so that your portfolio is safer as you approach retirement, when you’ll need the money. These funds gradually shift your ...
Target retirement funds may be ideal for investors who prefer a hands-off approach to their investing. They offer investors the benefit ofdiversificationand the simplicity of one-stop shopping. Target-date funds offer a blend of equities and fixed-income securities, along with the convenience of a...
In 2023, 64% of retirement contributions were invested in target-date funds, up from 59% in 2022, according to Vanguard.23Target-date funds have become a default option for many employer-sponsored401(k) plans. The Pension Protection Act of 2006 helped employers develop retirement plans and set...