Why Target Date Funds are the Wrong Investment Vehicle for Many Credit Union Executives
Target date funds are popular for many 401(k) plan participants because they offer an investment strategy that automatically reduces risk as one approaches retirement. They’re especially effective for investors who don’t want to self-manage their retirement assets and younger investors under 50. Further, target date funds align with the needs of most credit union employees, […]
The Flaws of Target-Date Funds in Optimizing a Credit Union Executive’s Retirement Income
Both of these statements are accurate: Almost 80% of credit union 401(k) plan participants have all or some of their retirement savings in a target-date fund (TDF), and they’re only gaining more popularity since they were first introduced in 1994. Target-date funds are the wrong investment vehicle for most credit union executives. If this isn’t […]
