Typically, 1/3 or more of the investment choices available in a retirement plan are target date mutual funds. What is a target date fund? How do target date funds work? This article will address those questions and discuss target date funds’ benefits and shortcomings.
How would you feel if you visited a fine restaurant with excellent reviews, ordered a complete prix-fixe meal, and when it arrived you needed a research project just to figure out what ingredients were in the dishes? Or whether they were healthy, or local, or even edible? Worse, what if you had no real idea what this spread was costing you – not when you order it, or ever?!