Is a Target Date Fund Right for You?
What year do you want to retire? That single question is the concept behind target date funds, which are quickly growing in popularity.
Target date funds debuted in 1994 as a simple option for retirement savers. They are mutual funds, based on the year the saver plans to retire. Let’s say you are 50 years old and you plan to retire at age 65. You would select the target date fund for the year 2036 — or more likely 2035, as target date funds tend to come in multiples of five. The target date fund is
