✉news BusinessPersonal Finance first seen 3 d ago, last 3 d ago, peak #21
Nearly half of Boomer 401(k) savers hold only one target-date fund
Original: 45.4% of Boomers on Fidelity's Platform Keep Every 401(k) Dollar in One Target-Date Fund. Here's What That Fund Actually Holds at 67
Fidelity data shows 45.4% of Baby Boomer account holders put their entire 401(k) balance into a single target-date fund. The fund automatically shifts allocations as retirement nears, and by age 67 it typically holds a mix weighted mostly toward stocks with a smaller bond allocation. The figure has drawn attention as a snapshot of how the largest generation of retirees actually invests.
Why now: It highlights how reliant older savers are on one default investment option as they reach retirement age.
FidelityBaby Boomers401(k)target-date funds
Rank over time, top of the chart is #1. 4 snapshots from 3 d ago to 3 d ago.
Evidence
- 45.4% of Boomers on Fidelity's Platform Keep Every 401(k) Dollar in One Target-Date Fund. Here's What That Fund Actually Holds at 67 · 24/7 Wall St.
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