Target-Date Fund: Set-It-and-Forget-It Mentality and Smartphone Cameras

target-date fund: Thermostats learn our preferences and adjust heating or cooling based on time of day and whether anyone is home, according to Market Watch. Some cars can now even relieve us from the misery of parallel parking. Our smartphone cameras automatically detect faces and focus for perfect snapshots. When it comes to our investments, a similar set-it-and-forget-it mentality has been popular for decades now. Many people became familiar with this concept through the development of 529 college savings plans. It started with mutual funds, migrated to index funds, and now has evolved into the even simpler target-date fund. (news.financializer.com). As reported in the news.