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Target Funds vs. Index Funds for Near Retirees

With Social Security replacing a mere 40% of pre-retirement income, those nearing retirement will need much additional income. Maurie Backman notes that many 401(k) plans default to target date funds. These funds adjust your risk profile based on how close or far you are from retirement. While target date funds make retirement investing easy, they also have their flaws, chief among them being too conservative close to retirement and having huge fees. Backman describes this in the full article here.

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