Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
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|Target-Date 2020 Funds Did Well in 2020. Here's Why.|
Jan. 28, 2021
"For anyone who had been contemplating retiring in 2020, the first quarter couldn't have been easy. Stocks fell 34% in 23 days ... As of Dec. 31, 2020, the average return of a vintage 2020 target-date fund was 10.8%, one percentage point lower than the 11.7% return for a balanced fund with a 50% to 70% equity allocation ... In the first quarter, 2020 target-date funds overall fell 10%, on average."
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