Investors worried about stock-market volatility might want to add target date funds to their portfolios.

These funds invest in stocks but then pivot to bond funds as an investor ages. 

TheStreet's Scott Gamm recently spokes with Jake Gilliam, senior multiasset-class portfolio strategist at Charles Schwab (SCHW) about who uses target-date funds and why.

(Editor's pick. This item originally ran on April 25.)

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