Here is the article.
KEY POINTS
1. With target date funds (TDFs)
prevalently the default choice
in defined contribution (DC)
plans, young workers’ equity
concentrations are growing ever
higher.
2. Young workers, who are more
likely than older workers to
lose their jobs in a recession,
frequently cash out part or all
of their DC assets to meet living
expenses during a period of
unemployment.
3. Young workers would be well
advised not to invest in TDFs
until their less risky “starter
portfolio” reaches a certain
minimum balance, for example,
six months’ income.
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