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Should You Use Target Retirement Funds? – Pros and Cons

Should You Use Target Retirement Funds? – Pros and Cons

Target date funds are a new innovation on Wall Street, a product designed for convenience and easier retirement planning. A target retirement fund is one which builds an asset allocation mix based on a retirees expected retirement date. Over time the fund makeup changes to moderate the portfolio’s risk as the future retiree gets closer to their ideal retirement date. Let’s look at target retirement funds and lay out the pros and cons. Continue Reading