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Common Sense Comments for Workplace Retirement Plans Target Date Funds are prevalent in workplace retirement plans. You’ll find them other places, but overwhelmingly they are found in things like 401(k) Plans. The idea behind them and their appeal is fairly easy to understand. People want a point-and-shoot “do it for me” option when it comes to how to invest their money for retirement.
These types of investments are easily identified by the numbers in their titles, such as “2040” or “2060”. The design of these types of investments is made to be point-and-shoot; investors simply select the year that is closest to when they think they might retire. A 55 year old, looking to retire at age 65 might then select the 2025 fund, since that’s about 10 years from now. Easy enough, right? |
Caricature of Jonathan Broadbent by David Helton
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PLAN PARTNERS RETIREMENT PLAN GOVERNANCE
Supervisory Office: 3362 Belvoir Road, Beachwood, Ohio 44122 Phone: 440-345-8003 Fax 216-417-0168 E-mail address:info@planpartners.net |
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Investment advice is offered by Plan Partners, LLC, a Registered Investment Advisor. Plan Partners, LLC does business in North Carolina and Ohio and may do business in other states based upon applicable state regulations and the “de minimus” exception. Plan Partners employees also provide ERISA and non-ERISA Consulting Services.
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