Is the target-date fund revolution leading retirement plan participants down the wrong savings path?
A new paper by academics from New York University and Fordham suggests as much, saying the jury is still out on TDFs, although almost three-quarters of defined contribution plans now offer them and 41 percent of all investors have assets in them.
The automatic rebalancing that TDFs offer as participants near retirement may not be doing enough to maximize retirement income, according to the authors.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
