Target-date funds are proving most popular among women and younger retirement investors, according to MassMutual's Retirement Services Division.
In the first quarter of this year, 28.4 percent of women's retirement savings were in asset allocation accounts, compared to 27.7 percent of men's retirement savings, MassMutual data showed.
Those allocations have jumped by 42 percent for women over the past five years, and increased 38 percent for men.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
