The Street.com – Beware Excessive Fees on Target-Date Funds, by Chris Sahl

Target-date funds can make it easy to save for retirement. They shift their asset allocation, becoming more conservative over time, so your portfolio is essentially on autopilot. But this convenience comes at a price.Many target-date funds are funds of mutual funds, and investors typically pay two layers of fees: one for the target-date fund itself, and another that is an asset-weighted average of the management fees of the underlying funds…

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