Brad here. Today's post was written by Michael Geraci, a supervisor on our Retirement Consulting Investment Services team. Take it away, Michael.
Evaluating your 401(k) plan can be a brutal and daunting process. It may leave you with many questions about the investments available to you and how to best manage your account. It may even deter some from participating in the plan altogether. Fortunately, there are ways to help simplify the process. The first step? Understanding one of the most commonly used investment options within 401(k) plans: the target-date fund, or TDF.