Since the launch of the first target date fund (TDF) in 1993, its story has been an elegant and simple one-select the date around when the participant plans to retire and the fund will take care of everything. As the retirement date approaches, the TDF will rebalance to a more conservative mix, and manage that mix not only into retirement, but throughout it as well. The TDF is a “one stop shop” where the participant can “set it and forget it.” It was that easy; pick a fund corresponding to the participant’s retirement date and they were done. If only it were that simple. June 2015
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