5 Drawbacks of Target-Date Funds for Retirement

Target-date funds are some of the most popular choices for retirement savers in employer-sponsored retirement plans like a 401(k). They offer a simple set-it-and-forget it option for investors. Just pick the year you plan to retire, and the fund manager will take care of the rest, automatically adjusting asset allocation and rebalancing when necessary.

But there are significant drawbacks to using target-date funds as part of your retirement savings. Here are five big ones.

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Source Fool.com