Study: Consumers are missing the point of target-date funds

04/5/2012 | · AdvisorOne

Many investors are largely unaware of how target-date funds actually work, according to a Securities and Exchange Commission study. Seven out of 10 investors erroneously believe the funds provide a guaranteed retirement income, and fewer than 3 out of 10 were able to correctly explain the meaning of the term "target-date fund." That suggests investment advisers could do more to educate investors, officials say.

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