Is the target-date fund revolution leading retirement plan participants down the wrong savings path?
A new paper by academics from New York University and Fordham suggests as much, saying the jury is still out on TDFs, although almost three-quarters of defined contribution plans now offer them and 41 percent of all investors have assets in them.
The automatic rebalancing that TDFs offer as participants near retirement may not be doing enough to maximize retirement income, according to the authors.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 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.
