Target-Date Funds: The Grades Are In
How have target-date funds fared since their 2008 failure?
In early 2009, target-date funds were savaged. Not only did headlines proclaim their 2008 failure, but the Senate Special Committee on Aging held a hearing to evaluate whether target-date funds should be more strictly regulated. It is one thing for the SEC to investigate mutual fund categories, but quite another for Congress to do so.
(For those not entirely familiar with target-date funds, Tuesday's article from Karen Wallace covers the basics.)