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QDIA Fiduciary Red Flags for 401(k) Plan Sponsors
Fiduciary News; free registration required Link to more items from this source
June 14, 2016

"[T]here remains one final Achilles' heel with respect to TDFs. 'Target date funds assume that all people that are same age have the same financial needs,' says [P. Jeffrey Christakos of Westfield Wealth Management, LLC]. 'Their risk tolerances and risk capacities may be totally different. They anticipate a projected retirement date but may not have the ability to work to that date due to health issues or lack of work opportunities.' This has long been the most damaging issue with TDFs, and one that risk-based funds appear well-suited to address. Here, however, is where plan sponsors need to be most careful."

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