Everything you need to know about target-date funds

  • It’s important to be aware of the benefits and drawbacks of target-date funds before investing.
  • On the plus side, target-date funds simplify investing with a hands-off, unemotional approach to allocation.
  • Minuses include a lack of customization and an overwhelming number of fund options.
  • Do some research on the investment company, expense ratios and how the target-date fund is rebalanced throughout the years.

Michael Anthony Solari, principal at Solari Financial Planning

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