Basically an IOU or promissory note of a corporation, usually issued in multiples of $1,000 or $5,000, although $100 and $500 denominations are not unknown. A bond is evidence of a debt on which the issuing company usually promises to pay the bondholders a specified amount of interest for a specified length of time and to repay the loan on the expiration date. In every case, a bond represents debt — its holder is a creditor of the corporation and not a part owner, as is the shareholder. Source:

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Target Date Funds

Target-date funds are the best retirement fund investment for a majority of savers. They guarantee you'll have a well-diversified portfolio, with low fees and no work on your part. That lets you concentrate on finding more money to put in them.