Target-date funds lost money last year, according to at least one index that tracks the investments.
The Callan Target Date Index returned -0.86 percent in 2015, the first annual loss since 2008, when the median TDF fund value dropped more than 26 percent.
The Callan Index takes data from 44 target date series in the market, and creates a benchmark for each "vintage," or target retirement year.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
