It’s up to everyone
Mary Erodes and Brian Lamb discuss what our firm and other companies can do to continue the D&I conversation.
[MUSIC PLAYING] Target date fund changes over time. It takes into account when I would retire, and starts phasing out of the more risky investments towards a more balanced or more conservative approach so that I have more stability at the time that I might retire. So before-- well, if I even bothered-- it was me going out trying to figure out which fund or mutual fund to invest in, and then having to go out online, make those choices, make those changes, watch everything that's going on, and trying to figure out for myself what I need to do.
And instead of that, a target date fund will allow me to let a professional do that for me. Investing in a target date fund is like what I've done for myself. I've lost 150 pounds, I gained 40 of it back, and realized I wasn't the one that was able to do this all on my own. I needed some experts to help me. So I've hired a nutritionist and a personal trainer to help me get back on track. And so that's what you do when you use a target date fund. It helps you stay on track without you having to do all of the work.
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