Target-date funds are getting more personal

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

A handful of investment management firms have started offering target-date funds that use a worker's data to craft a more personalized mix of investments.

div > div.group > p:first-child"> A handful of financial services companies have started making these ubiquitous options in 401 plans less of a one-size-fits-all investment and more tailor-made for retirement savers.

Yet they also typically use age as the determining factor for how best to divvy up a participant's assets among stocks and bonds. While age and time until projected retirement do play a role in investment planning, two people of the same age could be in vastly different situations, which would make their ideal mix of investments look nothing alike.

Among the firms already offering the option is Russell Investments, which has had its so-called"personalized retirement accounts" available as a default option in 401 plans since 2014. To date they've attracted about $300 million in assets, according to a company spokesman.What you need to know before you invest in Lyft's IPONorthern Trust Asset Management recently unveiled a similar option, which will combine its own index funds with participants' personal data.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2 major things Target employees would like to tell shoppers, but can'tTarget store team members spoke with Business Insider about all the things they wish they could tell shoppers, but can't. Well that was a stupid article What a total waste of my time.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Border agents are told to explicitly target Spanish speakers, records showBorder agents have been told to explicitly target Spanish speakers and migrants from Latin America in carrying out a Trump administration program requiring asylum seekers wait in Mexico, according to memos obtained by the AP. NBCLatino *** Breaking News *** Trump and the GOP are racists! 😐 NotShocked NBCLatino As opposed to those from Australia? NBCLatino What about French speakers...
Source: NBCNews - 🏆 10. / 86 Read more »

Facebook to target vaccine misinformation with focus on pages, groups, adsFacebook will soon take aim against anti-vaxers. The company will start by lowering the ranking of groups and pages that spread misinformation about vaccinations in its News Feed and Search options, a representative said. WE NEED TO KNOW WHERE THESE VACCINES ARE COMING FROM! Can we just have a conversation about vaccines and not be told about their efficacy. What is so wrong about the discussion ?
Source: CNN - 🏆 4. / 95 Read more »

Guidelines ask agents to target Spanish speakers at borderSAN DIEGO (AP) — Border agents have been told to explicitly target Spanish speakers and migrants from Latin America in carrying out a Trump administration program requiring asylum seekers wait in Mexico, according to memos obtained by The Associated Press that reveal some inner workings of a top government More lies from Yahoo
Source: YahooNews - 🏆 380. / 59 Read more »

Exxon Mobil downgraded, stock target cut 25% amid natural gas spendingExxon Mobil doesn't plan to cut its natural gas spending, meaning reduced cash flow and limited upside for the stock, Cowen told its clients. I will continue to enjoy my 4.5% dividend -Exxon Mobil makes money and they are investing in their business for the future, plus making some big gas and oil finds.
Source: CNBC - 🏆 12. / 72 Read more »

Parkinson's psychosis drug target of probeThe US Department of Justice has launched an investigation into Acadia Pharmaceutical's sales and marketing of Nuplazid, a drug approved three years ago to help treat Parkinson's patients suffering from debilitating psychosis. How about investigations on all drug makers and congress!? All drug makers and congress are millionaires!!! Off the people!!! Click on the link to read it a fourth time. POTUS
Source: CNN - 🏆 4. / 95 Read more »

Alexandria Ocasio-Cortez’s next targetWhile many conservatives love to set their sights on Democratic Rep. Alexandria Ocasio-Cortez (D-NY), the freshman congresswoman has her focus set on a new target. MSNBC’s David Gura and his guests discuss. Yawn Shes just bait. Let her talk! She will sink herself There will be hard fought battles chosen wisely
Source: MSNBC - 🏆 469. / 51 Read more »

Vizio wants next-generation smart TVs to target ads to householdsSmart TV manufacturer Vizio has formed a partnership with nine media and adverti... Well, I guess I won't be buying another Vizio TV. And then? People wonder why I don't have cable TV & Internet at home. 😅 It's bad enough they do this on my phone. 😤
Source: Reuters - 🏆 2. / 97 Read more »