The Securities and Exchange Commission is asking for comments again on target-date retirement fund glide path illustrations.

The rule amendment, which was first proposed in 2010, would require marketing materials for target-date retirement funds to include a table, chart or graph depicting the fund's asset allocation over time – or its glide path.

The SEC found back in 2011 that investors are confused by target-date funds. Many have misconceptions about the point at which the asset allocation of their TDF stops changing.  Many believe the target date is the point at which the fund is at its most conservative allocation and that the allocation stops changing after that.

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