Reported 4 months ago
Recent data from Morningstar highlights that target-date funds have reached a record $4 trillion in assets, establishing themselves as the leading retirement savings option for Americans. These funds automatically allocate investments based on retirement timelines, minimizing risk and optimizing returns even in volatile markets. The ease of use and diverse investment strategy have contributed to their widespread adoption, with most 401(k) plans now defaulting to these funds, benefiting millions of savers.
Source: YAHOO