Are Target funds the right choice approaching retirement?
They’ve become immensely popular, and many financial experts say target funds are a great supplement to the Social Security benefits one will receive one day. They’re simple. With target-date funds, your portfolio is rebalanced over time as you get closer to the date you’ll retire and need your investments to produce income. But are they the best investment? Christy Bieber does not like them. She dislikes the high fees, says returns are reduced over other alternatives, and notes they may not provide the right asset allocation. All are explained in her full article here.