Target Date Funds

Target Date Funds are investment funds designed to grow assets for a specific retirement date, usually linked to your expected retirement year. As the target date approaches, the fund gradually shifts its asset allocation from higher-risk investments, like stocks, to more stable ones, like bonds. This strategy aims to provide a balance between growth and safety as retirement nears. Ideal for hands-off investors, these funds simplify the investment process by adjusting automatically over time, making them a popular choice for retirement accounts, such as 401(k)s.