September 16, 2013
NEW YORK — Simple is good when it comes to investing for retirement. But even after you find something simple, you can't take it easy.
That's the case with target-date retirement mutual funds, which some advocates call “set-it-and-forget-it” investments. If you began putting money in a target-date fund five years ago and have since tuned out, it's undergone some transformation. The changes go beyond the gradual shift from stocks to bonds that all target-date funds are designed to undergo. They are more fundamental.
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