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Common mistake that hurts clients' retirement savings Many investors are improperly using target-date funds, initially holding a portion of their portfolios in these funds but then adding more money in the future to other types of accounts. This is liable to throw off the asset allocation benefits offered by the target-date funds and cause the client to underperform those who keep the majority of their assets in the target-date strategy. Although target date funds are designed for long-term investing, this type of asset-mix shift mitigates the "set it and forget it" advantage of these funds, according to this article in Fortune. One market observer quoted in the article said it's hard for many people to overcome the aversion of having all their eggs in one basket. -- Fortune

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