July 29, 2021 Target date funds that have reached the end of their glide path and have a 30% stocks, 70% bonds allocation may produce essentially no return on an inflation-adjusted basis over the next ten years. Target date funds operate under the assumption that someone’s asset allocation should follow a glide path, automatically shifting a portfolio to favor bonds over stocks as a person gets closer to their expected year of retirement. The rationale for offering target date funds is presumably altruistic: help investors facing a long retirement to avoid investment mistakes that may deplete their nest egg. Content continues below advertisement