Target Date Mutual Funds, you may have heard of these types of mutual funds they are a common type of fund used to save for retirement. Most workplaces have 401k programs with Target Date Funds embedded. The way they work is they adjust your holdings as you approach retirement. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, discusses how target date mutual funds work and what you should know about this type of mutual fund.
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Tags: 401k, bad investments, investments, mutual fund, retirement, target date mutual funds