Clark Howard describes target-date funds as an 'easy button' for retirement investing, streamlining the complex process of adjusting investments as one ages.
A target-date fund is an index fund that automatically reallocates the investments for you based on your expected retirement date, simplifying long-term investing.
By selecting a target date for retirement, investors benefit from a 'set-it-and-forget-it' strategy, allowing them to invest without continuous management.
Instead of manually adjusting investments over time, target-date funds progressively shift their allocations from high-risk stocks to more conservative investments as you near retirement.
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