Target Date Funds

Target Date Funds (TDF) are one of the best inventions in the investment industry. These funds allow individual investors a one-stop purchase to invest in stocks, bonds, and cash across the US, International, large companies, small companies, and bonds. But even better, the rebalancing occurs automatically and is set to take on less risk as you approach retirement!The big downside to only using a TDF is that they are set up for the average investor. Are you average? They do not take into account your risk tolerance, particular job or industry or the economic cycle. They also assume a particular retirement date to put you into a default allocation.While there are drawbacks to TDF, if you can save and invest consistently into one, you are going to be great shape.Find out more about Mike at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/