A new survey from found that 29% of pre-retirees (those retiring within 15 years) and 20% of retirees currently or at the time they retired were invested in target date funds. I want to hear from certified financial planners and other financial experts, especially from Long Island and the NYC metro area: What are the pros and cons of Target Date Funds? Some years ago there could be a BIG difference in the allocations of target date funds, with the same maturities, from competing fund companies. Is this still an issue? What are key issues?