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 ...

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 ...

When target-date funds were launched in the 1990s, their marketers explained their strategies. Target-date funds did something different. While conventional balanced funds held steady asset ...

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 ...

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 ...

Target date fund risk profiles should align with evolving participant objectives along the retirement savings journey and we believe fixed income plays a critical role in managing risk. In our view, ...

Zachary Rayfield, head of goals-based investing research in Vanguard's Investment Strategy Group, spoke about the use of glide paths at the Investments & Wealth Institute's Strategy Forum in New York ...

The problem with a one-size-fits-all philosophy is that it never truly fits everyone. Thanks to many employers auto-enrolling employees in a 401(k), target-date funds have grown in popularity as a ...

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 ...