Story perspectives

Target-Date Funds Mislead Boomers on Retirement Readiness

3/29/2026

Summary

Story summary

Target-date mutual funds are marketed as simple investments that require no active management and transition from aggressive growth to conservative assets as retirement approaches.
Experts warn they can mislead investors about retirement readiness.
Ron Surz, president of Target Date Solutions, warns many baby boomers risk savings from high stock exposure.
Assets rose from $408 billion in 2010 to over $4 trillion in 2024 after the Pension Protection Act of 2006.

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Story summary

Target-date mutual funds are marketed as simple investments that require no active management and transition from aggressive growth to conservative assets as retirement approaches.
Experts warn they can mislead investors about retirement readiness.
Ron Surz, president of Target Date Solutions, warns many baby boomers risk savings from high stock exposure.
Assets rose from $408 billion in 2010 to over $4 trillion in 2024 after the Pension Protection Act of 2006.