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Vanguard posted late last year that 51% of workers in the retirement plans they administer are invested in target-date funds. One of the reasons may be that 68% of the plans they manage have target-date funds as the default option. I was expecting an S&P 500 fund or even cash to be most popular. I guess target-date funds appeal to the "set it and forget it" majority that do not actively manage their money.

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- zol
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