The funds' investors will hold less than 10percentt of their 401(k) accounts in equities at age 65.
The competition is intended to encourage members of the Harvard Kennedy School community to develop and articulate ideas and methods for improving the quality and effectiveness of programs related to Susan Eaton's work, including human resource management, healthcare management and quality issues, union leadership, work-family policy, fair wage policy, gender equity, and aging.
The programmes have covered major disease areas such as cancer, respiratory and neurological diseases as well as cross-specialty themes such as lifecourse, equity and ageing.
It calls for the equity portion at age 35 to be just 40percentt, and for it to grow to 78percentt over the next 30 years.
The proposed plan encourages investment in life-cycle funds, which decrease equity exposure with age, but does not specify contribution levels.
Looking to the future, with millennials expected to be poorer than their baby-boomer parents, young people unable to get on the housing ladder today are unlikely to have equity in old age.
I earned my Equity card at age 16 in The Goodman Theater's World Premiere of Wole Soyinka's Death and the King's Horseman.
Growing up in healthcare deprived Sierra Leone and witnessing how the services of a medical doctor inspired mercy and compassion in rebels lit my passion for health equity from the age of seven.
It is, therefore, the best way of making comparisons in relation to age equity in quality of cancer care that are free of differences due to other causes of mortality.
Risk is related to asset allocation, and an investor in the Freedom Funds could expect to have 50percentt of his portfolio in equities upon reaching age 65.
