An article in The Dallas Morning News warns investors against the wide discrepancies in the glide paths, or asset allocations, of target-date funds. As a result of too much risk, it says, some target-date funds are “missing the bull’s-eye.”

“The results of excessive risk can be devastating for those on the brink of retirement,” said Sen. Herb Kohl (D-Wis.), chairman of the Senate Special Committee on Aging. He notes how one 2010 target-date fund lost 41% of its value in 2008 and that the equity exposure of 2010 target-date funds ranged from 8% to 68%.

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