You’re on Autopilot, but Check the Speedometer
By MARY WILLIAMS WALSH
Published: July 13, 2008
TARGET-DATE funds have been sold as a kind of autopilot for 401(k) plans, freeing workers from ever having to look at their retirement accounts. But the funds may need a second look themselves.
A new study has found a striking lack of consensus about how the funds should operate, leaving employees and retirees exposed to widely varying levels of risk. The fees that the funds charge vary widely, too.
http://www.nytimes.com/2008/07/13/bu...ml?ref=mutfund
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