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Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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Let’s Talk Target-Date Funds: Pros and Cons

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Manage episode 486956959 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Target-date funds seem like the ultimate “set it and forget it” retirement strategy, but are they really as simple and safe as advertised? In today's episode, Phil unpacks these popular, automatic investment options that now hold over $4 trillion in assets. If you’re like many people, your 401k automatically funnels your money into these funds based on your retirement date. Convenient? Definitely. Optimal? Maybe not.

Here’s some of what we discuss in this episode:

🎯 How target-date funds became the default 401k option

⚖️ How they automatically rebalance, but not always in your favor

📉 Why your funds might be more aggressive than you think

🧐 When a “set it and forget it” approach could cost you

💡 Why target-date funds might not fit your complete financial picture

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

285 episodes

Artwork
iconShare
 
Manage episode 486956959 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Target-date funds seem like the ultimate “set it and forget it” retirement strategy, but are they really as simple and safe as advertised? In today's episode, Phil unpacks these popular, automatic investment options that now hold over $4 trillion in assets. If you’re like many people, your 401k automatically funnels your money into these funds based on your retirement date. Convenient? Definitely. Optimal? Maybe not.

Here’s some of what we discuss in this episode:

🎯 How target-date funds became the default 401k option

⚖️ How they automatically rebalance, but not always in your favor

📉 Why your funds might be more aggressive than you think

🧐 When a “set it and forget it” approach could cost you

💡 Why target-date funds might not fit your complete financial picture

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

285 episodes

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