A Target-date Fund is a type of investment fund designed to help people save for retirement in a simple, hands-off way. You choose a fund based on the year you expect to retire, and the fund automatically adjusts its mix of investments over time. When retirement is far away, the fund focuses more on growth by investing heavily in stocks. As the target date gets closer, it gradually shifts to more conservative investments like bonds, aiming to protect what you’ve saved. This automatic adjustment is called a “glide path,” and it’s meant to balance growth and safety as you get older. Target-date funds are popular in retirement plans because they’re easy to use, require little maintenance, and provide built-in diversification.