The Dimensional Fund Advisors2020 fund is managed for 15 years after the retirement date. Inhedging against inflation, the series is designed to provide a morecertain income stream during the decumulation phase of investing.(Photo: Shutterstock)

Tim Kohn thinks the $1.4 trillion target-date fund market issuffering from a herd mentality.

“Everyone is doing the same thing,” said Kohn, head of definedcontribution services for Austin, TX-based Dimensional FundAdvisors.

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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.