When you want advice on retirement planning you can do a lot worse than listening to the folks at Motley Fool, www.fool.com.
This article talks about taking all the hard work out of saving for your retirement.
The idea is target funds.
Let’s say you plan to retire in 20 years.
Your advisor would tell you to invest in a target 2025 fund.Â
The further you are from retirement, the riskier the investment mix would be.
As your retirement approaches the investment mix would be more conservative to preserve your gains and capital.
This is a good for people who get headaches when they look at stock charts.
-Adam
Retirement Planning the Easy Way?
Retirement Planning the Easy Way? Motley Fool – Sep 19, 2006By Zoe Van Schyndel, CFA. Target-date asset-allocation funds are designed to be held until a specific year in the future — the year you intend to retire. …
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