Target date funds: What are they and should you invest in one? | CNN Business

New York CNN  — 

If you are in a 401(k) plan at work, you very likely have the option to invest in a so-called target date fund, which also may be called a retirement date fund or a lifecycle fund.

At the end of 2020, the vast majority of plans (86%) offered target date funds, and 59% of 401(k) participants had money invested in one.

That’s according to an analysis by the Employee Benefit Research Institute, which reviewed anonymized data on 11.5 million 401(k) participant accounts from employers of all sizes.

So what is

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