Tag: 401k
The brief’s key findings are: Since many households fail to shift their 401(k) assets towards less risky investments as they age, target date funds do it automatically. Conventional target date funds rely only on the participant’s age to determine the asset allocation strategy. In contrast, semi-personalized target date funds add information on the participant’s earnings,…
While the Democratic Party convention discussion has focused on the bailout of the automobile companies and slogans like “Osama Bin Laden is dead and GM is alive,” I, a pension nerd, have been wondering how General Motor’s offer to transform retirees’ pensions into lump sums has turned out. How many of those offered the conversion…
