Target-date funds continue to take the heat for buckling under the pressures of the markets decline.
Sen. Herb Kohl (D.-Wisc.), who has roundly criticized target-date funds for assuming too much risk, called upon the
Last month, the senator noted that equity holdings in the 2010 target-date funds ranged anywhere from 8% to 68%, and one 2010 fund fell 40% last year.
Although fund companies have recently argued that because people may live 30 years in retirement they need the added equity exposure, Kohl has countered that the volatility of the market has made that argument moot, if not false.
On a related note,