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Young Workers In Target-Date Funds Hit Hard By Market Drop

TedTed
in The Bullpen
FYI: As the stock market has whipsawed over the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit.

The average 25-year-old fully invested in a 2060 target-date fund series saw a 10 percent decline in account value from the market’s recent peak on July 17 through Monday’s close, according to Morningstar - close to the 10.96 percent decline of the S&P 500 over that period.
Regards,
Ted
http://www.reuters.com/article/2015/08/27/us-column-miller-targetdatefunds-idUSKCN0QW1L820150827?feedType=RSS&feedName=everything&virtualBrandChannel=11563
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