No Quick Recovery for Target Funds » financialsurfer.com

No Quick Recovery for Target Funds

July 5th, 2009 | Category: Personal Finance
By ANDREA COOMBES Given the dramatic, wealth-killing market Crash of 2008, it’s not surprising that target-date funds faced a lot of criticism in recent months. Some of these so-called set-it-and-forget-it retirement vehicles lost investors as much as 40% of their savings last year. But the stock market is showing signs of improvement, with the Standard & Poor’s 500-stock index up about 36% since its March 9 low this …

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