This Common Mistake Could Hurt Your Retirement Savings

Target-date mutual funds (TDFs) were designed to be the ultimate set-it-and-forget-it solution for workers who struggle to manage their retirement savings. With a TDF, investors can put all their retirement savings in a single fund that will automatically diversify their holdings and reallocate them to get less risky as they get older.

Here's the problem: About two-thirds of TDF investors don't use the funds the way they’re supposed to be used. And their investment performance may be...

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