Target Date Funds for Your Retirement: Smart Move or the Easy Way Out?
When you first sign up for a 401(k) plan through your employer, you'll generally be bumped into that plan's default investment option until you choose investments of your own. And chances are, that default option will be a target date fund.
A target date fund is a mutual fund that adjusts your investments over time to meet a specific milestone, and they're a popular choice for retirement savings plans as well as 529 plans for college. But is it smart to invest in a target date fund, or should you take a more hands-on approach to managing your money?
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Source Fool.com