Vanguard’s report on how participants in DC plans are using professional services to manage their retirement accounts: How America Saves 2012.
With the wide adoption of Target Date Funds (TDFs) in 401(k) retirement savings plans, i.e.: 82% plan sponsors offering TDFs, and 47% of the participants using them, chances are, as a participant in one those plans, you have heard of them, and may be invested in one of those funds.
As you plan for retirement, questions to ponder are:
1) Do you know what percent of your retirement income will be sourced by TDFs?
2) After including Social Security, will that amount be sufficient during your retired years?
3) Regardless of those two answers, how are you, as a consumer of professional services for retirement accounts, planning for your retirement?