Target-date mutual funds are a great way to set it and forget it. In this video, learn what target-date funds are, how they work, and how to select a fund that's right for you.
- What if you don't want to pick your own stocks … or bonds or mutual funds, … what if you don't want to figure out what percentage … of your portfolio should be in stocks versus bonds? … And what if … you don't want to rebalance your portfolio regularly … or worry about making it … slightly more conservative over time, … as you get closer and closer to retirement … this is where target date mutual funds come in handy. … So quick review mutual funds are a way … to buy a ton of different stocks and bonds … all in one fund without having to pick … each and every holding. … Target date mutual funds … are a special kind of all in one mutual fund. … And they're designed for someone aiming to retire … at a certain target date in the future. … So let's use me as an example. … It's 2020 and I'm knocking on forty's door. … Yes, I said it, now we all know how old I am. … Okay, moving along. … Let's say I'm looking to retire when I'm 65. … So that would be the year 2045. … Whether it's in my 401k or IRA …
This course was created by Madecraft. We are pleased to host this training in our library.