According to QMA, for the average U.S. worker, the goal of investing is to build a source of retirement income. One of the appeals of target date funds is the reassuring certainty communicated by success probabilities, and for plan sponsors, it is a critical measure during the selection and monitoring process. QMA's Jeremy Stempien looks at how the probability of success is measured and its relationship to the choice of expected return inputs, examines the sensitivity of income expectations to different return assumptions and considers the outlook for asset class returns.
01 November 2015
Are Target Date Funds on Target?
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