Target date funds automatically adjust your asset allocation as you age and rebalance themselves, making them ideal if you want a simple, hands-off retirement investment that requires minimal maintenance.
Target date funds are the ultimate in set it and forget it investing because they do three really useful things for us that require no additional work or management on our part. First, they give us an appropriate asset allocation for our age. The second thing target date funds do is they adjust our asset allocation automatically as we age. The final way a target date fund aids us in setting it and forgetting it is is that it automatically rebalances itself throughout the year. Target date funds are pretty cool. You guys give them a long look. If you are into maximum simplicity and low stress, they are the ultimate in set it and forget it investing.
Physician Takes a Youth Sports Team to the State Championship - MtoM Podcast #236
