MORE NANNY GOVERNMENT. This came to me in a company email:

On May 6, the Department of Labor and Securities Exchange Commission released a primer on target date funds for investors and plan participants. The primer contains background on the funds along with a list of considerations for possible investors to take into account; the considerations include:

Whether or not a hands-off investment approach
is favorable
Whether the fund has an appropriate risk level
Whether the fund's glidepath is appropriate
Whether the fees are acceptable

Question: how much longer until the government requires 401k and 403b plans to invest only in target-date funds? I’m betting not long.