Target Mutual Funds: Oops They Glide The Wrong Way

by Scott Burns

Today many 401(k) plans have Target-date funds as the default selection if a worker fails to pick a particular fund— and plan sponsors feel safe making that decision. In 2009, according to a report from the Employee Benefit Research Institute, 43.2 percent of all 401(k) participants used a target date fund if their plan offered one. Too bad Target-date funds don’t work.

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