A common criticism of target-date funds is that they group investors by a single factor, usually age or its counterpart, time remaining to the participant’s projected retirement date. A fund’s ...

Academic simulations prove that the distribution of wealth is greater with glide paths that increase in equity allocation rather than decrease. No safe landing. Savings impact the distribution of ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

My colleague John Rekenthaler recently observed that the problem with target-date fund research is that researchers need to find dramatic conclusions to get any attention, and this has led to ...

A common assumption for withdrawal rate studies is that the asset allocation remains fixed throughout retirement and is rebalanced to the targeted allocation every year. For this discussion, we will ...

While glide paths are an institutionalized process in target date funds, most investors follow some sort of glide path process – ad hoc or not – that reduces their risk profile over their investment ...