Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Target Mutual Funds: Oops They Glide The Wrong Way

Sunday, November 18, 2012 - 6:28 AM
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.

http://assetbuilder.com/scott_bur...e_wrong_wa
6
ShorebreakShorebreak2,613 posts since
Apr 6, 2010
Rep Points: 14,167
Reply