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Paid services that automatically rebalance employees' retirement assets are typically referred to as an auto-rebalance tool. These tools help maintain the desired asset allocation within a retirement account by periodically adjusting investments to align with the set goals and risk tolerance of the individual.
Examples of auto-rebalance tools include robo-advisors, which use algorithms to automatically rebalance portfolios based on pre-set criteria such as age, risk tolerance, and investment objectives. By using these tools, investors can ensure that their retirement assets remain diversified and aligned with their long-term financial goals without the need for manual intervention.
In summary, an auto-rebalance tool is a convenient and efficient way to manage retirement assets and ensure they are optimally allocated over time.
