Some target date funds are poorly designed, JPMorgan reports in a new white paper.

First, rather than concentrate on providing income to participants over the course of their retirement years, which may vary widely, JPMorgan recommends concentrating on replacing a percentage of their income at the time of their retirement, since that is a date certain, whereas no one knows how long they will live.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.