Breaking News5th Circuit Court of Appeals kills fiduciary rule


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Target-date funds have become popular additions to 401(k) retirement plans because they offer convenience, portfolio choices based on a participant’s retirement age and a commitment device for future age-based equity balancing. The funds have made it easier for employees, who do not have the financial literacy to make their own portfolio decisions, to have access to a professionally managed retirement account, according to a new report by the Pension Research Council.


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