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The one-stop solution: life-cycle funds are the no-hassle way to invest for retiremeMNG nt. Buy 'em and forget 'em.(The Right Investments)
- Article from:
- Kiplinger's Retirement Planning Guide
- Article date:
- September 22, 2006
- Author:
CopyrightCOPYRIGHT 2006 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATION OMITTED]
KAREN Young is an amateur photographer who also plays golf, enjoys traveling and loves "anything outdoors." Notice that investing isn't one of her interests. She saves regularly, but the St. Louis corporate writer takes no pleasure in picking and choosing among stocks and mutual funds. "That's why I love target-retirement funds," Young says. "They do all the work for me."
Judging by the $76 billion now in target-retirement funds, Young isn't alone. Also called life-cycle funds, these investments put your retirement saving on autopilot. Just select the fund whose name contains a target date that's about the same year you plan to ...
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