Is your target-date fund the right one for you?
It’s a question worth asking, especially as the markets move from a steady upward trajectory to a zigzag line. Target-date funds — the foundation of many 401(k) plans for their easy, hands-off approach — are put through their paces during market volatility.
Being hands-off may be well and good when the market is going strong. But investors are often spooked when it’s not, which can lead to panic selling, locking in losses.
That makes now a good time to ensure you’re comfortable with the level of risk you’re taking, including within any target-date fund in your portfolio. Even funds that are targeted to the same retirement year will differ in investment allocation and fees, so it’s worth your while to…
