Investors are much savvier about retirement planning than commonly thought, at least when it comes to target-date funds, according to a research note from investment management company Vanguard. Target-date funds are the increasingly popular mutual funds that automatically shift to more conservative investments as investors approach retirement.
The company found that almost half of the users of Vanguard target-date funds (48%) held target-date funds in combination with other assets. Half of the so-called “mixed investors’ intentionally wanted to construct a portfolio of both target-date and non-target-date strategies, pursuing what Vanguard described as “reasonable diversification strategies.”
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