Vanguard founder: Target-date funds not right for all investors

06/14/2013 |

Target-date mutual funds might not be best for every investor, Vanguard founder John Bogle says, arguing that investors should look at their total retirement-income stream, including Social Security benefits. "The thinking with target-date funds is 'don't put yourself into a position of having to make judgments, because they are so often wrong,' but I think target-date funds have too narrow a mandate," he said.

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