Target Date Funds Are Bad Default Investments — Here’s Why

The whole premise behind Target Date Funds is that investors only need to choose a date they want to retire and then check out of the investing process. What’s worse is that all the major companies market these products as long term investment, but barely include any of the asset categories that have historically performed the best over long periods of time. Today, Paul and Ira talk about why the default investment of your 401(k) is likely a bad option and why many American workers are being set up to work past the date of their target date fund. Later in the episode, Paul talks about the reality of retirement for single women in America and the challenges that arise from lower pay, longer life expectancy, and no partner.  

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