I like target retirement funds. Clearly, they have some issues with their implementation. But I think that, done well, they have the potential to be a truly excellent savings vehicle for the investing public.
Morningstar’s John Rekenthaler recently gave testimony before the Senate Committee on Aging. His Five Concerns About Target Date Funds is, in my opinion, the single most worthwhile discussion I’ve read on the topic–giving credit to their potential as well as honestly addressing their shortcomings. If you haven’t read it yet, I encourage you to do so.
My other favorite articles from this week:
Investing Articles
- Don’t Forget Social Security in Your Roth Conversion Strategy from Getting Your Financial Ducks in a Row
- Drawing the Line Between Family and Financial Advisor guest post at My Life ROI by Kyle of Suburban Dollar
- Which Wins: 401k Match or High Interest Debt? from Pondering Money
- 23 Things Beginners Absolutely Must Know About Saving for Retirement from Money Under 30
- Perfect 10 Investing from Monevator
- “Top Down” Investing from ABCs of Investing
Other Personal Finance Articles
- How Working Overseas Helps Your Career from Brip Blap
- “Complexity of Tax Law” Not a Challenge for IRS? from Tax Girl
- What Do You Do for Frugal Fun? from Get Rich Slowly
Blog Carnivals
- Tax Carnival hosted by Don’t Mess With Taxes
- Carnival of Personal Finance hosted by The Centsible Life
- Festival of Stocks hosted by The Intelligent Speculator
- Best of the Best in Money and Personal Finance hosted by Len Penzo
- Best of the Financial and Investing World from 20sMoney
Thanks to each of you for reading. I hope you enjoy your weekends. 
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Mike,
I really enjoyed John Rekenthaler’s testimony it was well worth reading and spot on… Now if he had only named funds people would know WHICH target date funds to avoid. Sounds like a good future post- Target Date Funds, the Good, the Bad, and the Ugly…?
Oh and thanks for the link!
-Rick
Yeah, I wish he’d named names too, hehe.
Thanks for the mention, Mike!
Have a great weekend…
jb
Thanks for the link Mike.
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