Target-Date Funds: The Answer to Bad Investor Behavior?
Removing some decision-making from investors' hands can prevent poorly timed moves, but other risks can arise.
If you think like a behavioral economist, target-date funds are the partial solution to a perennial problem: Making good choices when it comes to saving for retirement.
That's because bad choices abound. For those of you scoring at home, here's a recap of some of the most popular behavioral errors in saving and investing.
John F. Wasik does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.