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June 2, 2009

Target Date Funds: Right On or Off Base?

Are you invested in a target-date retirement fund in your 401(k)? How has that worked out for you in this bear market?

I’m interested in interviewing workers in these funds for an upcoming article. Send me an email at eileen.ambrose@baltsun.com if you’d like to talk.

Target-date funds are supposed to be a no-brainer way to invest for retirement, although many people — particularly older workers — got burned after their funds plummeted along with the stock market. Some workers hadn’t realized how heavily the funds were invested in stock.

Target date funds are the subject of an upcoming hearing with the U.S. Department of Labor’s Employee Benefits Security Administration and the Securities and Exchange Commission on June 18. You can listen to a Webcast at the EBSA’s Web site.

Posted by Eileen Ambrose at 10:59 AM | | Comments (0)
Categories: Personal finance
        

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