Target-date funds seem like the ultimate “set it and forget it” retirement strategy, but are they really as simple and safe as advertised? In today's episode, Phil unpacks these popular, automatic investment options that now hold over $4 trillion in assets. If you’re like many people, your 401k automatically funnels your money into these funds based on your retirement date. Convenient? Definitely. Optimal? Maybe not.
Here’s some of what we discuss in this episode:
🎯 How target-date funds became the default 401k option
⚖️ How they automatically rebalance, but not always in your favor
📉 Why your funds might be more aggressive than you think
🧐 When a “set it and forget it” approach could cost you
💡 Why target-date funds might not fit your complete financial picture
For more, visit us online: http://philstaxhacks.com
Watch the video podcast on YouTube: https://bit.ly/3WdDG96
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