When Target-Fund Fees Are Off-Target

By Chana R. Schoenberger

Target-date funds keep growing in popularity for retirement accounts. But many investors may be paying higher fees on these funds than they need to.

The funds are pitched as automated retirement-planning assets. They are mutual funds made up of other funds—stock, bond and money-market funds—and adjust the balance, getting more conservative as they approach the target date, near the person’s expected retirement.

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