FYI: Create a target-date retirement fund? Really?
Why in the devil would anybody want to reinvent the wheel, so to speak, when most big mutual-fund companies already have well-run funds available at reasonable cost?
It’s a good question, and I can think of several answers that might make this an attractive idea. They all boil down to the same idea: You might make more money if you do it yourself.
(In addition, some people just like to tinker and build things themselves. How else to explain the widespread popularity of kits that allow you to pay more and invest lots of time in making everything from potholders to dinners to radios to sailboats?)
In the case of a target-date fund, I think you can actually save money — or make a whole lot more of it — if you’re willing to invest the time.
Regards,
Ted
https://www.marketwatch.com/story/how-to-create-your-own-target-date-retirement-fund-2019-10-03/print
