Retirees stick with equities rather than target-date funds
Professionally managed target-date funds, of course, have one goal creating a suitable glidepath to get workers to retirement. But savers might have other goals.
By Marlene Y. Satter |
Updated on August 10, 2016
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Retirees are keeping a lot of their IRA money in equities, rather than in target-date-funds.
Maria Bruno, a senior retirement strategist in Vanguard’s investment strategy group, blogged about the reasons that retirees’ equity allocations are so far removed from the equity allocations in target-date funds.
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