piggy bank with 401k on its label smashing glass (Photo: Shutterstock)

Target date funds have grown quickly since coming on the scene almost three decades ago. The multitrillion-dollar industry came under Congressional scrutiny recently when the Senate Committee on Health, Education, Labor and Pensions asked the Government Accountability Office to review these funds.

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Ginger Szala

Ginger Szala is executive managing editor of Investment Advisor magazine. She covered the financial business and alternatives industry for 30 years while editor of Futures Magazine Group. MSJ Northwestern, BA University of Wisconsin-Madison. She is based in Chicago. Go Blackhawks!