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‘My husband and I have been together for 25 years. We have two children'
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Ukraine reports biggest Russian air strike so far this year, hours after first trilateral talks with US in Abu Dhabi CNNLatest Russian attacks on Ukraine kill 1 and wound 31 people amid U.S.-led peace talks CBCRussia launches ‘brutal' attack on Ukraine as peace talks continue The GuardianKyiv is freezing in the dark as Russian strikes leave Ukraine's capital powerless NBC News
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TikTok has at last finalized a deal to keep the popular video sharing platform operating in the U.S. after years of uncertainty, but questions remain about whether users' experience will change and whether the changes actually address security concerns around the app.
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If December's lows are broken during the first quarter of a new year, a bear market often follows.
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Its the latest deal under Rich Fairbank, a rare founder-CEO of a major U.S. bank, who acquired rival card firm Discover Financial last year.
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I don't ignore my retirement accounts, but I consider myself mostly a set-it-and-forget-it investor. I prefer to pick an investment strategy, arrange automatic contributions and then sit back without tinkering much with my portfolio. For that reason, I used a target-date fund in my 401(k) when I had one (I'm self-employed now). My husband invests in a fund with a 2050 target date through his employer plan.
A target-date fund aims to create an appropriate investment mix for the investor's age and approximate retirement date. A fund designed for someone with many years until retirement includes a high proportion of stocks for growth. Over time, the fund regularly rebalances, allocating a greater percentage of assets to less-risky, income-producing investments, such as bonds, as retirement nears.
We're far from alone in our preference for target-date funds. Among 401(k) participants in their twenties, 54% of their assets were in target-date funds at the end of 2019, and investors in their thirties had 45% of assets in target-date funds, according to a study from the Investment Company Institute and Employee Benefit Research Institute. Many large employer plans automatically enroll employees and use target-date funds as the default investment choice.
SEE MORE PODCAST: The Pros and Cons of Target Date Funds with Tony Drake
Evaluating Your Plan.
Target-date funds are attractive for their simplicity. But if you're dissatisfied with your plan's target-date offerings or have the appetite to construct a customized portfolio, you can typically select among a menu of several other investment options. If you have decades to go until retirement, you may want to dedicate 80% to 90% of your portfolio to stocks. I
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