PT  - JOURNAL ARTICLE
AU  - Radu Constantin Gabudean
AU  - Richard A. Weiss
TI  - How to Evaluate Target-Date Funds: <em>A Practical Guide</em>
AID  - 10.3905/jor.2019.1.048
DP  - 2019 May 31
TA  - The Journal of Retirement
PG  - 68--81
VI  - 6
IP  - 4
4099  - https://pm-research.com/content/6/4/68.short
4100  - https://pm-research.com/content/6/4/68.full
AB  - 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 “dashboard,” 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’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