Retirement

Target-date funds

Target-date funds are designed to provide a simpler investment solution for portfolios with a set investment horizon, for example, a college savings plan or an individual retirement account (IRA). These funds start aggressive, and as the target date approaches, the fund mix becomes more conservative. Target-date funds are named by the year in which the

What is a 401k

There are several options available to save for retirement. Broadly speaking, retirement savings can be categorized into defined-contribution plans such as 401k and IRAs and defined-benefit plans. Both categories are exactly what they sound like. A pension plan is a defined-benefit plan, where your employer pays you a defined amount each month post-retirement. A defined-contribution