What is a target-date fund?
A target-date fund is a mutual fund that holds a diversified portfolio that automatically becomes more conservative as you approach a target retirement year (e.g., Vanguard 2050 fund). Set-and-forget option for retirement accounts — pick the year closest to your retirement, contribute regularly, ignore.
More context
A target-date fund is a mutual fund that holds a diversified portfolio that automatically becomes more conservative as you approach a target retirement year (e.g., Vanguard 2050 fund). Set-and-forget option for retirement accounts — pick the year closest to your retirement, contribute regularly, ignore. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.