Off target on funds

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Target-date funds are a convenient way to put your investments on autopilot, but they’re becoming more difficult to find. Target-date funds are mutual funds that automatically change their holdings over time as you approach retirement or some other milestone, such as the first year of college tuition. The general goal is to increase the value of your investment and then, as the target date draws close, preserve your capital.
In 2012, at least four large fund companies shut down their target-date fund families because of lagging performance or failure to attract investors, leaving fewer choices for consumers.
Lori Lucas of investment consultant Callan Associates says target-date funds are in for another round of consolidation in 2013 as investment companies seek to keep costs down. 401(k) plans have upped their disclosures about fees, making the industry more competitive.