Not at all. Most target date funds do follow a similar strategy: You pick the fund closest to your retirement date, invest your money, and the fund manager adjusts the mix of stocks, bonds and cash to become more conservative over time. But these funds can differ dramatically—from the investments in each fund, to the fees, to what happens on that target date. Some funds stop becoming more conservative on the target date, for example. But Schwab Target Funds continue to adjust your mix of investments for years into retirement, offering the potential for growth into your retirement years.