There are pros and cons to choosing a target-date fund ... rebalances based on an investor's time until retirement. Target-date funds limit investment choices and decisions.

We've included our pros and cons for each strategy below ... over each of the past 11 calendar years since 2013, the 2035 Target Date Retirement fund has outpaced its typical peer.

Pros and cons of target-date funds Life-cycle ... Although they may seem like a straight shot toward your retirement goals, target-date funds are not without risk. Investing money in the stock ...

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Requires a $3,000 minimum investment. Vanguard’s target-date fund for those already retired is the Vanguard Target Retirement Income Fund (VTINX), which features a bond-heavy strategy designed ...

For instance, it doesn’t help to pay for an income-increase rider if your funds are already healthy enough to sustain you through your retirement years. Perhaps something like a long-term care ...