Really. You’ve got to admire their effort. But wasn’t it the ol’ Gipper who once said the nine scariest words in the English language are “I’m from the government and I’m here to help”?

In 2006, Congress passed the Pension Protection Act. One of its objectives was to address a huge problem with the way people invested their long-term retirement money. Too many workers placed their assets in short-term investments. Congress, with probably every legitimate financial advisor backing it, wanted to encourage folks investing for their retirement to go into equities for the long-haul. Foolishly, though, they specified certain financial products as “safe harbor” investments, including the now infamous target date funds.

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