Why are there two kinds of Target Date Funds and why does that doom this particular group of people saving for retirement in their company’s 401k plan?
Tag "glidepath"
“Advisers should be very scared of being implicated in the lawsuits that will happen.”
These vast unknowns inherent with Target Date Funds have perhaps created a new fiduciary liability where none previously existed.
2009 exposed a much deeper problem with Target Date Funds. Pitched as the be-all-and-end-all to 401k investors, these funds fell flat on their collective face as 2008âs down market exposed them as more sizzle than steak. Washington might help, but a knee-jerk reaction to 2008 is not a good solution at all.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 1/10/14
The beginning of the end to public pensions, to the fiduciary debate and product-based investments?