Voya Investment Management survey shows target-date funds increase retirement participants’ confidence
Voya Investment Management announced today the results of a survey focused on the views of investors in relation to target-date funds (TDFs). The results reveal a clear trend: Participants who invest in TDFs feel significantly more confident about their retirement journey.
According to the survey, 71% of employed TDF investors feel confident about reaching their retirement goals, compared with just 58% of non-investors. The confidence gap widens when looking at stress reduction: 91% of employed TDF investors agree that investing in a TDF alleviates the stress of retirement planning versus 73% of those who don’t invest in TDFs.