The Road to Success in TDF Selection: Get Past the Bull

The bull market seems to be running on fumes, but it’s left its mark on target-date fund evaluation. Methodologies relying on past performance overlook the dramatic influence of market beta in recent years. As a result, we again see the industry turn toward excessive risk-taking. The tremendous increase in the number of participants close to retirement and relying on TDFs means a market correction could be devastating.