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Article: Most people know retirement planning takes work -- life-cycle funds ease burden
- Article from:
- Daily Breeze
- Article date:
- May 22, 2005
CopyrightCopyright 2005 Daily Breeze. Provided by ProQuest LLC. (Hide copyright information)
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Automation can be a wonderful thing.
Take, for example, the introduction of the automatic fabric-
softener dispenser on washing machines. I remember a time when you
had to rush back to the washer to pour in the fabric softener. Even
having a buzzer didn't help me because I often got busy and didn't
hear it.
My curling iron automatically shuts off, which I'm sure has saved
me from burning down my house.
Thankfully, in a similar vein, investors can select a mutual fund
that will automatically adjust their investment portfolios.
This fairly new fund option, which is increasingly being offered
in employer-sponsored retirement plans, is called life cycle
investing.
There are two types of life ...