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June 11, 2018
By STAN CHOE AP Business Writer NEW YORK — More and more retirement savers have their entire 401(k) account in just a single mutual fund, and investment advisers are fine with it.
Last year, for the first time, more than half of Vanguard’s 4.6 million retirement account participants were invested in a single target-date retirement fund, according to an analysis by the mutual fund giant.
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