Target retirement funds are quickly becoming the funds of choice for financial advisors and others looking for an easy way to optimize their portfolio allocations automatically with no additional work. Those who are setting up Roth IRAs or other retirement accounts may want to check out these options as they can eliminate the need for a financial advisor at all and make it much easier to keep everything in order!

From CNN Money:
Target retirement funds aren’t for everyone, but they’re a good option for many people who don’t want the hassle of rebalancing their portfolio says Money Magazine’s Walter Updegrave. I think going with a target fund can protect us from our worse impulses - namely, the urge to dart in and out of different sectors of the market, move from stocks into cash or bonds, buy into the hot fund du jour, etc. By putting your portfolio strategy on autopilot, I think you’re less likely to engage in self-defeating behavior.