Target date fund

A target date fund is like a grown-up piggy bank that helps you save money for retirement. It's like having a bank account that you can't touch until you get older.

A target date fund is made up of stocks, bonds, and other investments. The fund manager puts your money in different investments that are chosen based on when you plan to retire. They also consider how much risk you're comfortable with and will adjust your investments accordingly.

As you get closer to retirement, the fund manager will slowly move your money to investments that are safer and more conservative, like bonds and government securities. This is to make sure that your money is safe when you need it.

Think of it like having a special place to put your money that helps you save for retirement and gives it time to grow.