The revised fiscal glide path
envisages achieving fiscal deficit of 3 per cent of GDP by FY 2020-21 and the central government debt to 40 per cent of GDP by 2024-25.
However, because target-date funds are long-term products, we also want to make sure we're remaining true to the glide path
. … We're focusing more of our intellectual horsepower on the long term to get that right."
The glide path
of savings over the life cycle of the contract is indeed herculean.
The ProFinder[R] system (Dentsply Maillefer, Ballaigues, Switzerland) also has 3 stainless steel hand instruments with tips of 10, 13, and 17 mm, with a decreasing taper that differentiates it from the classical stainless steel K-files, which help to create a glide path
when done by hand.
There are three specific ways that TargetFit is trying to make target date solutions better: multiple glide paths
, participant education and exchange traded funds.
"Not only have we seen an increase in overfunded plans to help hedge against these premiums, we're also seeing plans accelerate the de-risking process and move down the glide path
TDFs can be customized in many ways, from tailoring the glide path
to cherry picking underlying funds to including asset classes not found in standard TDFs.
Fie doesn't think TDFs should hold any equity risk as investors come to the end of their glide path
. Fie fears 2016 could be the year the chickens come home to roost for TDF investors with a 2015 glide path
Lanyon explicitly referred to these in his titles: Solo Flight (1960), Backing Wind (1961), and Glide Path
Michael Kitces and Wade Pfau offered research showing an increasing equity "glide path
" as one ages results in improved portfolio results which will enable retirees to better meet their cash flow needs (http://papers.ssrn.com/ sol3/papers.cjrn?abstract_id=2324930).
Imagine if at the height of Apartheid madness in South Africa, the president of the United States had decided to partner with the racist white regime in Pretoria, lift sanctions, and put that country's illegal nuclear program on a glide path
toward obtaining a nuclear bomb.