I don’t like those “Target” funds. It’s too rigid and a lot of time, they don’t do what you think they do. Look at the 2005 target funds. You’d expect them to weather the last crash well, but they didn’t. If I was retiring in 2005, I would be better off doing my own asset allocation and put 80-90% of my investment in bond or better yet 5-10 years CDs that were paying 6-7% back then. I would have losed a lot if I was retiring in 2005 and put my money in a 2005 target fund.
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