@article {Gabudean68, author = {Radu Constantin Gabudean and Richard A. Weiss}, title = {How to Evaluate Target-Date Funds: A Practical Guide}, volume = {6}, number = {4}, pages = {68--81}, year = {2019}, doi = {10.3905/jor.2019.1.048}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The article describes and showcases a framework to analyze life-cycle, or target-date, investment strategies with intuitive, practical metrics. Anchored in the complex theory of life-cycle investing, we propose a comprehensive collection, or {\textquotedblleft}dashboard,{\textquotedblright} of measures to capture various aspects of the problem: wealth-focused versions of return and risk concepts; the link between retirement contributions and portfolio returns; the strategy{\textquoteright}s ability to support income in retirement; and behavior around retirement, a period when risk to invested wealth is greatest. These metrics are synthesized into one holistic view based on investor-specific preferences, highlighting the connection between investor characteristics and the life-cycle investment problem.TOPICS: Wealth management, long-term/retirement investing, pension funds}, issn = {2326-6899}, URL = {https://jor.pm-research.com/content/6/4/68}, eprint = {https://jor.pm-research.com/content/6/4/68.full.pdf}, journal = {The Journal of Retirement} }