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Lifecycle Funds Adjust As the Years Go By
Bloomberg BusinessweekLink to more items from this source
July 21, 2004
"Study after study shows that most people fail to properly monitor, diversify, and rebalance their portfolios. Sure, with a hefty six-figure account you could hire someone to do all that for you -- and pay that person 1% or 2% a year or more. But if you're younger, with a lower balance -- or you'd rather keep that fee yourself -- there is an alternative: a breed of mutual funds called 'lifecycle' funds."

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