Home>Video>Are Retirement-Fund Critics Off-Target?  Are
Retirement-Fund Critics Off-Target?  Thu, 6 Dec 2012  Vanguard's
John Ameriks emphasizes that target-date funds are an
investment, not a guarantee, and also goes in depth on the role
of equities near retirement as well as the 'to versus through'
debate.   Video Transcript  Christine Benz: Hi. I'm Christine
Benz for Morningstar.com. Target retirement mutual funds have
faced criticism on a number of different fronts over the past
several years. I recently sat down with John Ameriks, who is
head of investment counseling and research at Vanguard to
discuss some of these issues.  John, thank you so much for being
here.  John Ameriks: Always a pleasure, Christine. Good to see
you.  Benz: John, you spend a lot of work on retirement
planning, and specifically one thing that you've looked at is
target-date plan glide paths. In the wake of the bear market
many target-date funds come under assault. A lot of people said
these really didn't do what they were supposed