From the course: Planning for Retirement
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Target-date mutual funds
- 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.…
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