Minisode - A Unique Approach to Target-Date Funds
About This Episode
For retirement-oriented investors, especially those saving through 401(k) and other defined-contribution plans, the most popular solution is a target-date fund. Those funds are designed to build retirees’ wealth through a carefully constructed asset allocation and glide path that minimizes risk. But designing those funds is a complex process, as my guest today will explain.
About Our Guest
Randy Welch is Managing Director, Portfolio Manager within Principal Global Asset Allocation (PGAA), an investment boutique of Principal Global Investors. He joined the Principal Financial Group in 1989. Within PGAA, he oversees the Strategic Asset Allocation Team. He has been a portfolio manager for the Principal LifeTime target date Fund portfolios since 2007 and the Principal LifeTime Hybrid target date CIT portfolios and Principal LifeTime Hybrid target date Funds since their inception. He serves as a Portfolio Manager on the multi-managed core/satellite funds and is also responsible for the New Mexico 529 Plan.
Here is a link to the Principal web site, where you can find more information about its target date solutions.