Americans are well aware that many investors don't have enough saved for the retirement of their dreams. But that doesn't mean they're not doing anything about it. Participants in retirement savings plans socked money away at historic rates in 2023, according to Vanguard. The majority of those contributions – 64% – went into target-date funds.
These set-it-and-forget-it funds are mainstays of retirement savings plans, whether you invest through a workplace plan, such as a 401(k) or 403(b), or independently.
