@thebudgetmom: How do you choose the right target date fund? Each fund is conveniently named to correspond with your planned retirement year. Most target-date funds are named in five-year increments so you would choose the fund named with the year nearest to your planned retirement date. For example, if you are 40 today and plan to work until 65, you would choose the target date fund 25 years in the future with 2050 in the name. 1) Determine the age at which you plan to retire. 2) Select the fund that is closest to your retirement year. 3) Start investing. Please remember that even though target-date funds lean towards the "set-it-and-forget-it" and "one-size-fits-all" strategy and investing approach, you still need to review your investments periodically to ensure that your risk profile matches your goals. #investingtips #retirementfund #investforthefuture #investinyourfuture #retirementplanning #investing #wealthbuilding #investing101 #investingforbeginners

thebudgetmom

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Wednesday 13 March 2024 19:21:16 GMT