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Article: Targeted retirement funds stress simplicity
- Article from:
- Post-Tribune (IN)
- Article date:
- November 2, 2003
- Author:
CopyrightCopyright (c) 2003 Post-Tribune. (Hide copyright information)
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THIS ELECTRONIC VERSION MAY DIFFER SLIGHTLY FROM PRINTED VERSION
Terry Savage(PHOTO)
Mutual fund companies recognize that investors have a problem: Too many mutual funds, too many choices. If you're already intimidated by the world of investments, or simply don't have the time to sort out those choices, the fund industry has you in mind with its new promotion: targeted retirement funds. They're a sort of one-stop, no-decision retirement-investment opportunity offered by the best-known and most respected fund managers.
Here's how they work: The fund company creates a series of targeted retirement funds -- ranging in five-year increments from 2005 to 2045. All you have to do is pick your ...