Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Target Date Funds: A Popular 401(k) Choice, But Still Badly Broken
Fortune [Opinion] Feb. 18, 2014 "There were cheers last week on news that the average balance of Americans' 401(k) accounts had grown to $89,300. That's not enough to retire on. But it's nearly double the average $45,519 that was in those accounts five years ago. The problem is more and more of that money is in funds that do a poor job of insuring those retirement funds will continue to grow, namely so-called target-date funds. About half a trillion dollars are invested in these funds, up from just over $70 billion in the mid-2000s. And much of that money pours in via 401(k) accounts." |
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