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Investment
Target-Date Fund
A mutual fund that automatically gets safer as you get closer to your retirement year.
You pick the fund based on the year you plan to retire. The fund does all the rebalancing and shifting for you. It’s often called a “set it and forget it” retirement fund.It's like a GPS that slowly changes your route from a fast highway to a quiet neighborhood road the closer you get to home.
Real world: A Target-Date 2055 fund starts with mostly stocks when you’re young and gradually adds more bonds as 2055 gets closer so your money is protected when you retire.
💡 Target-date funds are the ultimate lazy retirement plan — pick your year and the fund does everything else for you.