Tips for choosing the right target-date fund
The performance of stocks in October - their best month in almost a decade - makes it tempting to peek at your 401(k) balance. Although October boosted the Standard & Poor’s 500 by 10.8 percent, it’s coming off of a disappointing third quarter when the index fell about 14 percent. Investors in target-date mutual funds hoped their mix of stocks and bonds would help them avoid the severe volatility. Instead they’re likely to be disappointed as their funds fell sharply during the quarter.