Target-date funds have been a boon to the investment industry, helping to get people to save for retirement, but some big changes could be coming soon aimed at making sure nest eggs are better protected.
Introduced in the early 1990s, the majority of defined contribution plans now default into a target-date or other professionally managed account. The asset allocation in such funds becomes more conservative as the target date (usually retirement) approaches.
Related story: Growth ahead in managed accounts, TDFs
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