Target date funds have built a reputation as one of the easiest choices that both novice and experienced investors could make when selecting a vehicle for retirement. They provide an investment that you can almost put on auto pilot. They offer broad diversification and become progressively more conservative as you age without requiring any type of involvement.
They've become very popular and have helped countless individuals make an appropriate first step into the world of investing. While their simplicity is one of their biggest selling points, it can also be one of its biggest drawbacks. People don't often take a look under the hood to see what they're committing their money to and in several aspects they might not like what they see.
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