Many investors pair a target date fund with additional equity-focused funds, unintentionally undermining the very purpose of the target date strategy. Target date funds are designed to manage risk automatically based on a specific time horizon, gradually adjusting the allocation as retirement approaches.

Many investors pair a target date fund with additional equity-focused funds, unintentionally undermining the very purpose of the target date strategy. Target date funds are designed to manage risk automatically based on a specific time horizon, gradually adjusting the allocation as retirement approaches.

The New Jersey Alternate Benefit Program (“NJ ABP”) is a defined contribution retirement plan that is offered to physicians and professors employed by Rutgers University in New Brunswick and Newark NJ. There are unique features, rules, investment providers, and investment options that are offered through the NJ ABP that faculty can take advantage of.