When evaluating TDFs, plan sponsors and consultants would do well to look beyond a single point in time. Vanguard’s holistic approach to TDF design includes a glide path that’s designed to support an investor’s journey from early career through retirement. This approach is not purely a portfolio optimization exercise at each stage of the life cycle, but rather the culmination of years of experience in helping investors reach their investment goals.
Kevin Megargel, CFA, CFP®, is a senior defined contribution investment strategist and senior manager in Vanguard Institutional Investor Group. In this role, Mr. Megargel is responsible for assisting plan sponsors with plan lineup investment analysis and custom portfolio construction. He also leads a team of defined contribution investment strategists. Before this position, Mr. Megargel was an investment analyst in Vanguard Portfolio Review Department, which is responsible for overseeing, evaluating, and developing Vanguard funds. Mr. Megargel earned a B.S. in finance and accounting from the University of Maryland and an M.B.A. from Villanova University. He is a member of the CFA Institute and CFA Society of Philadelphia.