Even as target date funds have become staples in 401(k) investment menus, there continue to be questions about their appropriateness as participants approach retirement age. Is the target date meant to be to or through retirement? Is the participant ahead or behind his or her savings goal? These are questions participant should answer to determine whether to stay the course or consider an alternate asset allocation.
Find out why DWC partner and retirement plan consultant Keith H. Clark told the Wall Street Journal that target-date funds "can be an 'overly simplistic' strategy” in Jeff Brown's article, "How to Manage Your Target-Date Fund After Retirement."
For more information on retirement investment menu options, visit our Knowledge Center here.
