Wednesday, August 15, 2007
These Popular Retirement Funds May Give a False Sense of Security
The fact that target-date and lifestyle mutual funds have become all the rage among retirement savers is undeniable. Whether or not that's entirely good news is debatable.
Assets in these all-in-one, set-it-and-forget-it funds grew by 50% in 2006 to almost $303 billion, and that's after growing 57% in 2005, according to the Investment Company Institute. Nearly one-quarter of the 401(k) account balances of recently hired workers in their 20s are invested in such funds, according to a recent ICI report.
These Popular Retirement Funds May Give a False Sense of Security
Source: Yahoo! Finance
Assets in these all-in-one, set-it-and-forget-it funds grew by 50% in 2006 to almost $303 billion, and that's after growing 57% in 2005, according to the Investment Company Institute. Nearly one-quarter of the 401(k) account balances of recently hired workers in their 20s are invested in such funds, according to a recent ICI report.
These Popular Retirement Funds May Give a False Sense of Security
Source: Yahoo! Finance
Permalink posted by armandn @ 10:07 AM 
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