Target Date Funds: Pros and Cons

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 4 October 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Target Date Funds are rapidly surging in popularity lately. Investors are flocking to this “set it and forget it” retirement tool as an easy way to diversify their portfolio and eliminate the fees of working with a high-cost broker. But what are the pros and cons? I dive into my thoughts on the subject. Also, we answer a question about whether it makes sense to decrease retirement investments to pay down the mortgage quicker. Last but not least, my daughter Zoey joins me for another money quiz! RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors Firstly: Smart budgeting tools and real-life advice to get you on the path to family financial wellness. Learn more today! MKM Newsletter: Receive a Free Gift from me on how we paid off our mortgage in less than 5 years. MKM Instagram: Connect with me on social media and say hello! MKM Voicemail: Got a question? Leave me a voicemail. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Why do your socials look so good?
0:03.1	Mine are basic.
0:04.6	I use Adobe Express.
0:07.0	Free templates and AI features make stories, reels and posts so easy.
0:12.7	That's exactly what my feed needs.
0:14.7	Adobe Express, the quick and easy create-anything app, free.
0:19.7	When you're managing your own return quick and easy, create anything app. Free.
0:28.1	When you're managing your own retirement portfolio, you always have the option to change your mind down the road.
0:35.2	This show is dedicated to helping you strengthen your your family tree, and live financially free.
0:40.9	Welcome to the Marriage Kids of Money podcast, everybody.
0:43.0	This is Andy Hill, and today we are going to do three things.
0:47.6	First, we're going to be answering a question about target date funds and how to pick the right thing in your 401K.
0:53.2	Second, we'll be answering another question about reducing investments to pay off the mortgage
0:59.0	quicker.
1:00.1	And last but not least, my daughter Zoe and I are going to be doing another money quiz.
1:05.3	And we're going to read our review of the month for the month's book giveaway.
1:10.6	All right, let's jump into today's show.
1:14.9	Our first question of the month comes in from Stephen on Instagram, and here it is.
1:20.5	It's a short and sweet one.
1:22.2	Andy, how do I find the right index slash target date fund for a 401K?
1:30.0	Stephen, there we go.
1:31.8	Hey, Stephen, thanks for reaching out.
	...

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