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You can’t just choose your investments once and forget about them until retirement. Your needs change over time, and your goals might too. The best portfolios adapt to these changes, but many investors don’t feel confident picking their own stocks.
To make things easier, many employers offer target-date funds to their employees through their 401(k)s. But only about half of workers understand how these work, according to a recent Employee Benefit Research Institute (EBRI) survey. That’s a problem.
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