Agreed - ZIRP for a decade is causing problems. I think his article would have been better if he focused on that more and how changes away from ZIRP will impac

Agreed - ZIRP for a decade is causing problems. I think his article would have been better if he focused on that more and how changes away from ZIRP will impact investors. Instead he danced around it a bit. I would have preferred a head-on approach. One thing I would say is that tons of people have target date funds and were/are still in a higher bond mix than they should have been. But investing is tricky and most investors don't do the right thing all the time.