Putting Your Retirement on Auto-Pilot
Wednesday - August 28, 2013 at 07:52 am
More and more people are starting to put their retirement plans on auto-pilot because, let's face it, we're all too busy and some things just have to be delegated. A popular auto-pilot method these days for retirement plans is known as a "Retirement Date" or "Target Date" mutual fund. In fact, last year, Vanguard, a major 401(k) plan provider with over $400 billion in retirement plan assets, reported that two-thirds of new money coming into their plans were invested in these date-oriented funds.
Mike Switzer interviews Roy Janse, a managing principal with DeHollander & Janse Financial Group Greenville, S.C. Roy is also a certified financial planner and an Accredited Investment Fiduciary.