Today’s Hack
When planning for retirement, one of the most common investment options you’ll come across is the target date fund. These funds are designed to simplify investing, especially for those who might not have extensive financial knowledge. But are they truly the best choice for your retirement savings?
This week on Phil’s Tax Hacks, we’re bringing you the target date fund 101. What are they? What are their pros and cons? Tune in as we explore the benefits, drawbacks, and everything in between!
Here’s some of what we discuss in this episode:
0:00 – Intro
1:00 – What is a target date fund?
4:41 – Misconceptions about target date funds
7:11 – Pricing
9:00 – Are target date funds a good option?
11:11 – Final thoughts
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.