"There's nearly $400 billion and growing invested in target-date funds, but these one-size-fits-all funds are neither as safe nor as simple as most people believe. A recent [SEC] survey ... reveals that 54 percent of investors don't realize that funds bearing the same target date, but offered by different companies, don't have the same asset mix. In reality, the allocations and risk levels of funds with identical dates can differ dramatically. In addition, the SEC found that only 36 percent of the investors surveyed understand that target-date funds do not provide guaranteed income in retirement."  MORE >>