Great Retirement Funds

Target-retirement funds may be the best idea ever for most 401(k) investors. Still, some retirement funds are a lot better than others.

One of best ideas to come out of the financial-services industry in recent years is target-retirement funds. These funds allow people who know little or nothing about investing their retirement money -- and lack the time and energy to learn -- to invest in funds that allocate their money automatically among stocks, bonds and cash.

These funds typically, but not always, invest in other funds offered by the same fund firm. They've become a huge and growing percentage of 401(k) and 403(b) plans, but they can also make sense for IRAs and other retirement plans.

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Steven Goldberg
Contributing Columnist,
Steve has been writing for Kiplinger's for more than 25 years. As an associate editor and then senior associate editor, he covered mutual funds for Kiplinger's Personal Finance magazine from 1994-2006. He also authored a book, But Which Mutual Funds? In 2006 he joined with Jerry Tweddell, one of his best sources on investing, to form Tweddell Goldberg Investment Management to manage money for individual investors. Steve continues to write a regular column for and enjoys hearing investing questions from readers. You can contact Steve at 301.650.6567 or