It's ok to have automation. In fact it might even be good because it takes human emotions out of it.
But pre determined dates of selling like most target funds have just don't perform as well as they could hopefully the industry addresses this issue. Most employers use them as they are simple and cheap. And such good enough for most employees.
Unfortunately it will be many years before I can retire so this isn't likely to be my final choice in pension scheme. I just want something setup for the company, something for me personally and hope I don't lose all my money, not all at once anyway :)
It's ok to have automation. In fact it might even be good because it takes human emotions out of it.
But pre determined dates of selling like most target funds have just don't perform as well as they could hopefully the industry addresses this issue. Most employers use them as they are simple and cheap. And such good enough for most employees.