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Investing Specialists

For Retirement Income, All-in-One Investments May Not Fit the Bill

Most available funds don't allow control over what gets sold.


Life is complicated. So when it comes to matters of money and investing, "keep it simple" is my mantra. If an investment innovation helps cut the clutter in your life and allows you to get on with other things, I'm usually all for it.

For that reason, I've long been a big believer in all-in-one investments--whether they be traditional balanced funds or newfangled target-date offerings. Not all of these funds are worthwhile, of course, but the good ones buy a lot of diversification in a single shot, reducing the amount of day-to-day oversight one needs to devote to a portfolio.

That streamlining benefit from all-in-one funds is particularly appealing for people closing in on retirement or already retired. Not only are they apt to have better things to do with their time than manage their portfolios, but it's also wise to set up a portfolio that could run itself for a time in case the person should become disabled or pass away.

Christine Benz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.