BlackRock offers first retirement-date ETFs for investors saving outside 401(k) plans

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BlackRock is offering target-date exchanged-traded funds aimed at helping people save for their retirement outside of a 401 (K) plan.

Investors may select a fund from a new group of professionally managed ETFs that closest matches their retirement date. At the targeted date, the funds transition into the iShares Target Retirement ETF, according to an announcement Thursday from BlackRock. 

The…

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