Hi, I'm new here and apologies if this issue has been raised. Effective next month, my multinational employer is dropping a handful of pretty good fund options -- like T Rowe Price Mid-Cap Growth, Neuberger Berman Genesis -- and automatically transferring the balances to LifePath Funds (in my case, 2035). From what I can tell, these are costly duds, though if someone has a good, contrary opinion that would be reassuring. Is there anything that can be done to prevent the slaughter?
Lousy funds replace good ones in 401(k) plan(3 posts)
I have no opinion on the fund you mentioned, though usually year based funds are poorer performers (as they are funds of funds). Of course what I would say is to just move your money out of these funds into other ones they didn't kill off. Now if you're saying that all they have will be these age/year based funds, I've got one word - "yuck". Actually, check online for sites that deal with investing, they could give you strategies that would help.
I read your same question on the GRS forums, and I'd say go with one of the Vanguard funds instead of sticking with the LifePath Fund.
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