A target date fund is based on the year when the investor plans to begin withdrawing the assets. They are designed to manage an investor's risk over time. Target date funds can be convenient especially for younger investors or those who prefer to put their investments on autopilot. They may not be as appropriate for those who are closer to retirement. Speak with your financial advisor about target date funds to find out if they are the right option for you.
©2019 Broadridge Investor Solutions, Inc.