Why You Should Skip Target-Date Funds in Your Portfolio

While there's no such thing as a perfect retirement investment, some experts might argue that target funds come close. "Target-date funds have become popular because they offer an all in one solution," says Denny Baish, a senior investment analyst and portfolio manager at Fort Pitt Capital Group in Pittsburgh. Baish says these funds are common in retirement plans for participants who don't want to bother, don't have the time or simply don't know how to build out a proper allocation.