Vanguard Target Retirement Funds

Vanguard Target Retirement Funds offer a 0.08% expense ratio and an automatic stock-to-bond glide path, a lower cost than the typical target-date rival. By removing behavioral errors that cost average investors an estimated 1–2% annually in market-timing losses, this Morningstar Gold-rated series outperforms manually allocated alternatives in simplicity. Best for hands-off investors seeking a single lifelong holding.