Are Retirement-Fund Critics Off-Target?
Vanguard's John Ameriks emphasizes that target-date funds 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.
Christine Benz: Hi. I'm Christine Benz for Morningstar.com. Target retirement mutual funds have faced criticism on a number of different fronts over the past several years. I recently sat down with John Ameriks, who is head of investment counseling and research at Vanguard to discuss some of these issues.
John, thank you so much for being here.