Fund companies are tinkering with these one-stop retirement plans after their bear-market beating.
From Kiplinger’s Personal Finance:
From U.S. senators to government regulators to shell-shocked investors, everyone, it seems, is drawing a bead on target-date funds for producing such rotten results during the 2007-09 bear market. These funds were supposed to be simple solutions for retirement saving: You picked a fund with a date close to your anticipated retirement. As the date approached, the fund would adjust the bond portion of its portfolio to become more conservative and protect returns.
This is the portfolio of Thomas M. Anderson. He is a journalist who is passionate about telling great business stories. He is an associate editor at Kiplinger's Personal Finance. He specializes in writing about retirement planning and investing.
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This is the portfolio of Thomas M. Anderson. He is a journalist who is passionate about telling great business stories. He is an associate editor at Kiplinger's Personal Finance. He specializes in writing about retirement planning and investing.