What is a target date mutual fund?

By Mike Switzer

Published August 19, 2025 at 6:30 AM EDT

Bailey Davis, a chartered financial analyst with Abacus Planning Group in Columbia, S.C.

If you have or had a 401k plan, you may have seen choices known as target date funds. They’ve become very popular, but our next guest says there is still a lot of confusion about how they are supposed to be used. Mike Switzer interviews Bailey Davis, a chartered financial analyst with Abacus Planning Group in Columbia, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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