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Boomers Abandoning Target Date Funds at or Near Retirement
planadviser Link to more items from this source
Apr. 12, 2017

"[O]ne possible explanation for Boomers taking their money out of TDFs is they are putting their assets into a payment strategy... [G]uidance issued by the DOL and [IRS] in 2014 formally permits DC plan investment options such as target-date funds to include income annuities as part of their fixed-income holdings ... Yet, there has still been relatively little product development in this area."

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