Filed Under:Life Insurance, Life Planning Strategies

LIMRA: just 1 in 6 consumers familiar with target-date funds

Photo credit: KROMKRATHOG
Photo credit: KROMKRATHOG

Only one in six consumers are familiar with target-date investment funds, according to a new report.

LIMRA published this finding in a summary of results from a survey of 3,531 consumers, ages 18 to 84, conducted in May 2012. The respondents were involved in household financial decision-making, worked for pay, were retired or recently unemployed, and randomly assigned to answer questions on TDFs.

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Nichole Morford

Nichole Morford
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