target date funds

Target-date funds are growing in popularity among investors in workplace retirement plans because they're so easy to manage. You pick a retirement date, and the mix of investments automatically adjusts to a more conservative allocation as you move closer to that date. No muss, no fuss.

Target-date funds - among the most common investment selections offered by employers to employees in 401(k) plans - used to be the darlings of the retirement investment world. They were popular with novice investors because they take the guesswork out of investing. Since the funds hold a mix of…