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Here is how the new program generally works: Until age 48, employees invest their savings in something akin to a customized target-date fund, where the mix of low-cost stock and bond index funds gradually becomes more conservative as employees approach 65, when the company assumes they will retire.
Robo-advisors are more customized than a target date or model portfolio fund and many also offer tax efficient investing strategies.
But target dates have slipped repeatedly.
Previous target dates have been self-imposed.
Enrollment by target dates is required.
France and Germany had resisted fixed target dates, but relented here.
"The target dates haven't changed," Mr. Suarez said.
Several of the promised initiatives were accompanied by target dates.
The target date was met.
The target date is 1994.
We hope he sets a target date.
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CEO of Professional Science Editing for Scientists @ prosciediting.com