Memo to SEC, DOL: Regulate target date funds now
With some $2.4 trillion sucked out of retirement accounts since early last year, lawmakers have predictably made the 401(k) system a flaming target for change.
With some $2.4 trillion sucked out of retirement accounts since early last year, lawmakers have predictably made the 401(k) system a flaming target for change, and, also predictably, their ideas are way off base — except for one Sen. Herb Kohl, D-Wis., who chairs the Special Committee on Aging
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