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Fund Spy: Morningstar Medalist Edition

How the Pros Manage Assets for Retirees

Investors can glean asset-allocation pointers from target-date funds.

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In late May, Christine Benz, Morningstar's director of personal finance, discussed what in-retirement mutual funds can teach investors. Investors can learn similar lessons from Morningstar Medalist target-date funds.

To be sure, target-date funds may not address investors' unique retirement circumstances, but do-it-yourself investors may learn a thing or two by studying the moves of professionals. Target-date fund managers are tasked with designing a single, diversified strategy for investors who do not wish to make asset-allocation decisions. The managers proactively shift a fund's asset mix over time to address different phases of an investor's life cycle, including the retirement phase.            

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