92% of 401(k) Contributions Are Automatically Invested in This Investment. Is It a Good One?

If you have a workplace 401(k), there's a good chance your account has a default investment that your money will be put into unless you specifically make a change to your investment strategy.

In most 401(k)s, that default investment is a target date fund. In fact, Fidelity shows a whopping 98% of all employers allow workers to invest their 401(k) money in a target date fund --  and 92% of 401(k) accounts use them as the default option.

But is this the best choice for your retirement funds?

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Source Fool.com