PICK THE RIGHT TARGET
Key tips for usıng target-date retirement funds
SANDY FRANCIS IS LIVING PROOF that investing for retirement needn’t be complex. The co-owner of Colorado-based Veda Salon & Spa says set-it-and-forget-it target-date funds are the cornerstone of his firm’s 401(k) plan. He and most of his 180 employees use these retirement accounts to put their planning on automatic pilot.
“They have an appropriate mix of investments, they’re automatically rebalanced, and they’re low cost,” Francis says. “If you choose that kind of fund, you don’t have to worry about anything.”
Over the past decade, target-date funds have taken the retirement-planning world by storm. These types of accounts hold a variety of investments in a mix that gradually becomes more conservative
