Target-datefunds are a great fundamental idea, but confusion over asset allocation and investment choices dilutes the benefit to the average investor, says Vanguard founder Jack Bogle.
401(k) auto-enrollment and target-datefunds help to combat investors' inclinations to procrastinate and vulnerability to choice overload, says Andy Eschtruth of the Center for Retirement Research.
Vanguard's John Ameriks emphasizes that target-datefunds are an investment, not a guarantee, and also goes in depth on the role of equities near retirement as well as the 'to versus through' debate.