The Traderszone Network

Published in TZ Latest News 20 December, 2014 by The TZ Newswire Staff

Target-Date Funds: Twice As Popular Vs. 15 Years Ago

Many workers want to put their retirement accounts on autopilot. That’s the lesson from new data that show that recently hired plan members flock to balanced funds — which include target-date funds. Nearly two-thirds of new workers, or 66.3%, were invested in balanced mutual funds at the end of 2013, according to a new report from the Employee Benefit Research Institute and Investment Company Institute.

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