Vanguard has reduced the investment minimum on its 12 Target Retirement Funds from $3,000 to $1,000. Previously, only the Vanguard STAR Fund, a balanced fund-of-funds, had a minimum of $1,000.

And on other Vanguard funds, the firm is reducing the investment minimum for Investor Shares to $3,000. Previously, the minimum ranged from $3,000 to $25,000.

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