FYI: There’s not much that’s flashy or glamorous about a target-date retirement fund. It’s kind of boring, actually.
But in this case, boring is brilliant. Really.
I’m in the process of writing a new book to teach young investors how to maximize the probability that they’ll have more than enough money to live well in retirement.
The heart of the book is made up of a dozen short chapters, each one detailing what I call a small step with a big payoff.
Every one of these steps has the potential to add $1 million to their eventual wealth.
Here’s what’s really amazing: If you invest in a target-date retirement fund, you’ll be taking most of these steps automatically, without any effort.
Warren Buffett said: “You only have to do a very few things right in your life as long as you don’t do too many things wrong.” In my view, a target-date fund is amply qualified to be among the “few things right” in the life of an investor.
Let me tell you nine reasons investors should learn to love these boring funds.
Regards,
Ted
https://www.marketwatch.com/story/why-target-date-funds-are-the-best-retirement-investment-2019-09-04/print
