Vanguard has filed with the SEC to offer the Vanguard Target 2060 Retirement Fund for those currently 18 to 20 years old, and early next year will merge the Vanguard Target Retirement 2005 Fund and the Vanguard Target Retirement Income Fund, as their allocations have become nearly identical.

All of Vanguard’s Target Retirement Funds reach an allocation of 65% bonds, 30% stocks and 5% short-term reserves within seven years of their target date.

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