Back in 2008, many investors looking ahead to retirement in two years had a shock when target-date funds plummeted in value. They've flourished in the decade since.
Back in 2008, many investors looking ahead to retirement in two years had a shock when “target-date funds” designed for them plummeted in value. Many had assumed those funds, targeted to a 2010 retirement, were safe from large moves that late in the game.
Despite the jolt to investor confidence, target-date funds have flourished in the decade since, becoming a staple in workplace retirement plans such as 401s, as a net $532 billion in investor money poured in during that time, according to data from the Investment Company...
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