what target date fund should i pick if i plan to retire in a year not ending in 5 or 0 
most target date funds are established in 5 year intervals e g maturing in 2030 2035 2040 2045 and so on there is no set rule if you plan to retire in say 2033 you can round up to the 2035 fund or if you have a lower risk tolerance use the nearer term 2030 one you can also choose to put something like 60 of your allocation in the 2035 fund and 40 in the 2030 fund the bottom linetarget date funds are set up to coincide with an investor s retirement the funds start more aggressively in their early years with a portfolio composition primarily geared towards stocks as the target date approaches capital preservation is the key goal due to investors being older in age gradually the composition leans more toward bonds than it did before target date funds can be a great investment option for those not interested in constantly reallocating their portfolio and prefer to reduce risk as they enter their retirement years 