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Ret plans - info for employees

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Financial Education for Today's Workforce: 2016 Survey Results (PDF)
80 pages. "Two in five respondents feel a responsibility to educate on pension and benefit options, encourage retirement savings and help participants/employees become financially literate managers of their money.... Among organizations offering financial education, the most common topics are retirement plan benefits, preretirement financial planning, investments and retirement plan distributions.... [T]he most effective methods of providing financial education were: Free personal consultation services; Voluntary classes/workshops; and Web-based/online resources and courses." (International Foundation of Employee Benefit Plans [IFEBP])
Boomer Expectations for Retirement 2016: Sixth Annual Update on the Retirement Preparedness of the Boomer Generation
19 pages. "There are about 76 million Baby Boomers in the United States, more than 40 million of whom are already age 65 or older.... They will retire at a rate of 10,000 per day through at least 2030, when almost 73 million Americans, comprising more than 20 percent of the U.S. population, will be age 65 or older.... 21 percent of Boomers plan to retire prior to age 65, and 59 percent at age 65 or older. This includes 26 percent who plan to retire at age 70 or later.... Only 39 percent of Boomers have tried to figure out how much they need to have saved for retirement. Of those who have, a third did not include health care costs in their calculations. Only 55 percent of Baby Boomers have money saved for retirement, down from 58 percent last year and from more than three in four in prior years." (Insured Retirement Institute [IRI])
How Women in All of Life's Stages Can Prepare for a Secure Retirement (PDF)
12 pages. "Women who reach age 65 are on average expected to live 2.3 years longer than men who reach the same age.... Women have lower account balances than men despite needing higher ones -- women who retired in 2012 are expected to spend 15% more time in retirement than men (20.5 vs. 17.9 years).... Women have a higher chance than men of being impacted financially by chronic or terminal illnesses.... What can women do to overcome these retirement challenges? Plenty, if they make smart moves at every stage of life." (BNY Mellon)
Resources to Learn More About the Saver's Credit
"The IRS' Retirement Savings Contributions Credit, also known as the Saver's Credit, is available to low- to moderate-income workers who are saving for retirement through a qualified retirement plan such as a 401(k), 403(b), IRA, or new myRA, yet just 25 percent of American workers with annual household incomes of less than $50,000 are aware of the credit[.]" (Transamerica Center for Retirement Studies)
Retirement Readiness: A Work in Progress
"There's a big gap between what plan sponsors think their participants know about saving and investing -- and what participants actually know. By identifying the disconnect in participants' understanding of savings strategy, investment options and income potential, sponsors can pinpoint strategies to correct them more effectively." (BlackRock)
$1 Million Question: How Much Is Enough for Retirement?
"The advisers factored in an estimated average monthly Social Security benefit for a couple at $2,212 a month with a cost of living adjustment of 2.6 percent per year. They also assumed a rate of return on invested savings of 6.5 percent a year with inflation estimated at 3.5 percent each year. They found that a person who wants a retirement income of $50,000 a year for the rest of his or her life would need a lump sum of about $500,000. For an annual income of $75,000 the person would need about $1 million saved; and savings of $1.5 million for an annual income of $100,000 combined with Social Security." (Pittsburgh Post-Gazette)
Five Things Young Investors Can and Should Do to Save for Retirement
"[S]aving for retirement in your 20s doesn't have to be hard or expensive (promise). Here are five ways to avoid missing out on saving for retirement in your 20s [1] YOCO (translation for nonmillennials: You only compound once) ... [2] Treat yo' self (to your match) ... [3] You wanna be a millionaire (actually, you do) ... [4] Tackle the debt dilemma ... [5] The power of Roth." (Vanguard)
How Your Employer's Pension 'De-Risking' May Increase Your Pension Risk
"A de-risking transaction is intended to do what its name says: Decrease plan risk. But the intent is to decrease the employer's plan risk. The result may be that your pension benefit is at greater risk.... In the absence of a change in the law, here are some of the most important questions you should ask[.]" (Prof. Dana M. Muir, in The Wall Street Journal; subscription may be required)
The Benefits of Making a Formal Written Plan for Retirement
"Eighty percent of those with a formal written plan have estimated how many years their assets will last into retirement, nearly double of those who don't have a formal written plan (42 percent).... [P]re-retirees and retirees who have formal written retirement plans are more likely to roll over and consolidate their assets within two years. They are also more likely to convert a portion of their assets into an annuity within two years[.]" (LIMRA)
Rule of Thumb Withdrawal Strategies Just Don't Cut It for Retirees
"[S]imply adding 4% of a retiree's accumulated savings to other retirement income payable during the year to determine a spending budget may either overstate or understate an actuarially sound spending budget. And this is only one of the problems associated with the 4% Rule or any rule of thumb that focuses on 'tapping your savings' rather than properly coordinating with other sources of retirement income to develop a reasonable spending budget." (Ken Steiner, FSA Retired)
Have You Checked Your Retirement Plan Lately?
"Have you experienced any life changes? ... Reexamine your risk tolerance ... Is your asset allocation still on track? ... Regaining your balance ... Revisit your plan rules and features ... Could you add a little more each pay period? ... A little maintenance goes a long way." (Asset Strategy Advisors)
Bad Idea: Rolling a 401(k) Into an IRA, Part III
"[M]ost of the time it does not make sense for your 401(k) plan participants to roll their 401(k) account balances into IRAs when they leave your employment.... It is difficult, and most times impossible, to find stable value or guaranteed fund investment options available in IRA accounts.... In a 401(k) plan, not only is the employer a fiduciary, but the investment advisor associated with the plan is likely to be one as well.... the average return in an IRA account from 2000 to 2012 was 2.2%. The average return in a 401(k) plan account for the same period was 3.1%." (Lawton Retirement Plan Consultants)
Pension Lump Sum Payouts and Your Retirement Security (PDF)
"A guide for consumers considering their retirement payout options from a private-sector plan.... Questions to ask before accepting a lump sum: ... [1] Will you be at risk of running out of money? ... [2] Will you have the necessary investment skills? ... [3] Is your money protected? ... [4] Is a combination of payouts possible? ... Regardless of the payout you choose, detect and correct errors in your pension or lump sum calculation ... If you choose a lump-sum payout: [1] Plan for tax consequences ... [2] Make your money last ... [3] Protect your money from fraud and scams." (Consumer Financial Protection Bureau)
More Advisers Will Discuss Social Security Strategies with Clients Next Year
"Next year a quarter of financial advisers said they will increase the amount of time they dedicate to discussing Social Security with clients, compared with how much time they spent on the subject this year ... A year ago, only 8% of advisers planned to bump up client time dedicated to Social Security discussions ... About 20% of advisers said next year they will spend more time talking with clients about cash-flow planning and 19% said income-tax planning would become a larger focus of discussions[.]" (InvestmentNews)
How Do I Know When to Retire?
"Here are three reasons you might want to retire sooner rather than later ... [1] Finances: Because retirement may not be as expensive as you think.... [2] Fulfillment: Because you may want more time to pursue fulfilling activities outside of work.... [3] Relationships: Because you may want to devote more time to relationships outside of work." (Pension Consultants, Inc.)
Retirement Planning for Couples with an Age Gap
"Choose the age at which you each wish to retire.... Hold off Social Security to get more each month.... Keep more money working in your retirement accounts.... Ensure adequate healthcare coverage.... Plan for the unexpected and the inevitable.... Start planning sooner rather than later." (Hopkinton Crier)
The Oldest Baby Boomers Turn 70
"The oldest baby boomers will reach age 70 in 2016. Turning 70 has several important implications for your retirement finances.... [1] Sign up for Social Security.... [2] Remember required minimum distributions.... [3] Avoid two distributions in the same year.... [4] Consolidate your accounts.... [5] Watch out for savings restrictions.... [6] Gather important documents." (U.S. News & World Report)
The Checklist You Need to Manage Multiple Retirement Accounts
"Never assume that 401(k) accounts you have left behind in former employers' retirement plans will be managed the same way in perpetuity after you switch jobs, and, like a money-market account, will simply appreciate over time.... Has your former employer engaged in any mergers or acquisitions during the past year? ... Aside from mergers or acquisitions, has your former plan undergone any other major changes? ... Have you received the plan's most recent annual report?" (MarketWatch)
Give Yourself the Gift of Retirement Savings by Starting a myRA
"This holiday season, the U.S. Department of the Treasury encourages Americans to give themselves the gift of saving for the future with myRA (my Retirement Account) and to resolve to regularly save for retirement in 2016. Launched nationally in November, myRA is a new simple, safe and affordable savings option designed for Americans without access to a retirement savings plan at work. People can get information about myRA and sign up for an account at" (U.S. Department of the Treasury)
Ten Retirement Resolutions for 2016
"Plan for a long retirement.... Avoid emotional attachments to investments ... Prepare for the unexpected.... Find a fiduciary.... Pay off debt.... Open a MyRA.... Create a my Social Security account.... Avoid gaps in health insurance.... Coordinate with your spouse.... Consider pushing back your retirement date." (U.S. News & World Report)
Can You Afford to Retire Early?
"What happens if you don't die when the tables say you should but end up living another decade...or two? What happens if shortly after you retire the stock market decides to start over at its 2008 levels? What happens if you get hit by a bus the day after you retire, and you require round-the-clock nursing for the foreseeable future? ... Here are some things you can do to calamity-proof your plan for early retirement[.]" (Certified Financial Planner [CFP] Board of Standards, Inc.)
How to Formulate a Retirement Spending Plan
"This research brief offers a starting point for older workers wondering how they should think about withdrawing from savings in order to finance a secure retirement.... Step 1: Establish your baseline ... Step 2: Evaluate your planning horizon ... Step 3: Think about other income ... Step 4: Make adjustments." [The article is accompanied by an online retirement withdrawal calculator.] (American Institute for Economic Research [AIER])
[Guidance Overview] U.S. Treasury Launches myRA (My Retirement Account) to Help Bridge America's Retirement Savings Gap
"People can get information about myRA and sign up for an account at myRA is now available nationwide with multiple ways for people to start saving: [1] Paycheck. Set up automatic direct deposit contributions to myRA through an employer. [2] NEW: Checking or savings account. Now savers can fund a myRA account directly by setting up recurring or one-time contributions from a checking or savings account. [3] NEW: Federal tax refund. At tax time, direct all or a portion of a federal tax refund to myRA." (U.S. Department of the Treasury)
[Official Guidance] Fact Sheet: Key Facts About myRA (PDF)
"Many people want to save, but haven't found an easy way to get started. According to a 2015 Federal Reserve Report, 31 percent of non-retired people said they have no retirement savings or pension whatsoever. The U.S. Department of the Treasury developed myRA to make it easy for people to start saving for the future.... myRA is a Roth IRA that could be a good fit for people who: [1] Don't have access to a retirement savings plan at work or lack other options to save; [2] Want to save but haven't found an easy way to get started; [3] Earn an annual income below $131,000 if single, or $193,000, if married filing jointly." (U.S. Department of the Treasury)
How to Save for Retirement While Paying Off Student Loans
"Between the realities of today's retirement saving environment and the relatively young age of millennials, a fiduciary needs to be able to explain, in a convincing manner, why student debt cannot impede retirement saving. Indeed, the first question often asked by this generation is 'Why save now?' " (Fiduciary News)
What's Really Scaring U.S. This Halloween: Financial Wellness
"[T]here's a 55% chance you fear not having enough money in retirement (versus 37% for losing your job and 25% for gaining weight).... [O]nly 19% of employees who took a financial wellness assessment last year reported being on track for retirement. The unprepared fall into three categories: the unknowns, the underfunded, and the under-confident." (Financial Finesse)
Six Steps to Bring Financial Wellness to the Workplace
47 presentation slides. "[1] Understand the financial landscape. [2] Define financial wellness for your organization. [3] Lean on best practices. [4] Explore established and emerging solutions. [5] Overcome challenges. [6] Build a business case." (Benz Communications and State Street Global Advisors, via American Benefits Council)
[Opinion] Supersize Your 401(k) Accumulation With One Strategy
"Not only are 401(k)s dangerous vehicles for most people -- they consistently lose money in them -- they are loaded with middlemen fees. Most people never calculate how much these fees eat into their retirement plans.... [T]he more you automate, the lesser the chance of you getting in the way of consistent saving. Robo-plans are here to stay. You just have to pull the switch to make them work." (John Wasik in Forbes)
Seven Tips Present-Day Retirees Wished They Had Known When They Were 24
"Start early, not late ... Cut spending and keep your eye on the retirement ball ... Invest wisely (i.e. for the long term) ... Warren Buffet says pick a stock and stick with it ... If you don't have time, hire a professional ... Keep a lot of cash for when the market goes down ... Don't panic and stick it out." (Fiduciary News)
Haven't Saved Enough? Move to Harlingen, Texas
" 'I'll go out on a limb and venture that moving to Harlingen, Texas, which boasts the lowest cost of living in the country, is not a realistic option for most future retirees,' IRI President and CEO Cathy Weatherford said. 'But many Boomers will have to make some tough decisions. The good news ... is that there are some things Boomers can do to boost their savings and reduce expenses. Then by constructing a strategy -- using a combination of retirement income sources -- they can have a plan in place to meet their retirement needs.' " [14-page study, entitled Baby Boomers and Retirement Planning Strategy.] (Insured Retirement Institute [IRI])
Finances and Benefits Continue to Bewilder American Workers
"Four in 10 Americans admit knowing little or nothing about their employee benefits ... Millennials, Gen Xers, parents and low-income Americans find it difficult to manage finances, and many say issues with personal finance distract them while they're at work....[E]mployees indicate they are struggling to know whether they are on track to retire comfortably or how much money they should be spending on their employer-provided benefits." [Survey findings available online as 22 presentation slides from MassMutual.] (PLANSPONSOR)
Beefing Up Advice Options for Workplace Retirement Plans
"[Managed account advisers] can answer questions that go beyond asset allocation -- everything from Social Security claiming strategies to advice about drawing down funds. [They] can even do some hand-holding when markets take a nosedive.... Eighty-six percent of plan sponsors pick TDFs as their default option for participants who do not make investment elections on their own ... [M]anaged account services make up just 3 percent of default plan sponsor choices." (The Fiscal Times)
Retirement Planning in an Uncertain World, Part 2
"The Actuarial Approach anticipates that a retiree's assets and liabilities will be re-measured at least once a year to adjust the retiree's budget for differences between actual and assumed experience, for differences between actual and assumed spending and for changes in assumptions. This re-measurement process is essential for keeping the retiree on track.... Depending on the proportion of a retiree's spending budget that is derived from accumulated savings invested in risky assets, differences between actual and assumed investment returns can have a significant effect on the retiree's spending budget." (Ken Steiner, FSA Retired)
Ways to Deal with Market Losses in Retirement, Part Two: What to Do After the Market Recovers
"[1] Allocate appropriately.... [2] Maintain conservative withdrawal assumptions ... [3] Implement a bucket strategy for your retirement income needs." (Pension Consultants, Inc.)
Six Reasons You Were Automatically Enrolled in a Target-Date Fund
"[1] A diversified fund.... [2] Ease of use.... [3] Limiting liability.... [4] Age appropriateness.... [5] Investment performance and costs.... [6] Difficulty switching funds." (U.S. News & World Report)
Here's How Wide the Retirement Gap Is Between Men and Women
"Financial Finesse, which provides financial education programs to more than 600 organizations, examined data on median income, retirement savings, life expectancy, 401(k) salary deferral rates, and projected health-care costs for a woman and a man, each 45 years old. The goal: Figure out how much each needed in order to retire at age 65 and live on 70 percent of his or her pre-retirement income. The gap that emerged between the sexes: 26 percent. A man's retirement shortfall was more than $212,000. A woman's? More than $268,000." (Bloomberg)
What I Learned About My 401(k): A Twenty-Something's Guide
"[F]ind out how much of your income your company will match.... Set up automatic increases.... Don't be afraid of stocks.... Know what it's costing you.... Think before you quit." (
EBSA Fact Sheet: Retirement Initiatives Announced at White House Conference on Aging
"The regulation that the Department will propose by the end of 2015 will clarify how states can move forward with state-sponsored retirement savings programs, including with respect to requirements to automatically enroll employees and for employers to offer coverage, in ways that are consistent with federal laws governing employee benefit plans.... As part of a broader initiative designed to increase awareness and availability of lifetime income options in defined contribution plans, the Department of Labor's Employee Benefits Security Administration ... published a Field Assistance Bulletin clarifying the duty of an employer in selecting and monitoring an annuity provider for benefit distributions from 401(k) and other defined contribution plans under its Annuity Selection Safe Harbor regulation." (Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL])
Can Technology Solve the Mystery of 401(k) Fees?
"[An] Israeli startup named FeeX says it has a solution: an automated service that calculates the fees in your old 401(k)s and recommends whether a rollover (and which kind) makes sense. Users create an account and connect it to their old and new 401(k) plans, then FeeX calculates how much, if anything, a rollover would save. Sometimes, FeeX data show, your money should stay sitting in an old 401(k). Large employers, in particular, often offer excellent, low-cost plans." (Bloomberg)
Financial Planning for LGBT Couples After U.S. v. Windsor and Obergefell v. Hodges (PDF)
12 pages; includes checklist. "As a result of these new rulings, employee benefits and financial planning strategies once available only to opposite-sex married couples are now available to same-sex married couples. This paper highlights several of the changes that have taken place, including changes to Social Security eligibility, and details how same-sex couples may wish to incorporate them into their financial planning." (Prudential)
What to Do When Your Employer Stops Matching 401(k) Contributions
"Even if your employer has stopped matching, your best course of action is to continue your monthly contributions. In fact, you would be wise to make up the difference lost in your employer matching! You can continue these larger contributions to your 401(k) or you might set up another account outside of your 401(k) ... A ROTH can make sense if you believe your tax rate is likely to be higher in retirement than it is now." (Certified Financial Planner [CFP] Board of Standards, Inc.)
How to Develop an Investment Plan for Retirement
"Figure out how your investments will impact the lifestyle you desire.... Come up with a withdrawal strategy.... Consider the tax consequences.... Consider having a professional help you draft the plan.... Accept that your plan will change." (U.S. News & World Report)
Five Key Risks to Your Retirement Nest Egg
"[U]nless your action plan includes strategies to address Five Key Risks, that nest egg you're working so hard to build up may not be enough.... Inflation... Overconcentration... Volatility... Medical Expenses... Longevity." (Pension Consultants, Inc.)
A Job Hunter's Guide to Getting the Best Retirement Plan
"To get the answers you need to make an informed decision, here are four questions that financial advisers suggest you ask about a company's retirement program, ranked in order of importance. Is there a retirement plan at all? ... How much does the company kick in? ... How long do I need to wait? ... What are the fees like?" (Bloomberg)
Advisors Urged to Help Clients Rethink Retirement Savings
"Jan Scott Gundersen, managing director of advisory services at TIAA-CREF, noted that many investors are actively seeking out information on how to prepare for retirement ... He argues that advisors can help their clients think through their retirement needs by moving away from the focus on a lump sum savings total, and instead presenting their retirement picture in terms of how much income their savings would generate. Then he counsels advisors to talk to their clients about their goals for retirement, and to explain how spending patterns can change throughout those years." (Financial Planning)
Eight Questions to Ask Before Accepting a Pension Lump Sum Distribution Offer
"What benefit options are available? ... How was the lump sum calculated? ... What is the relative value of the lump sum versus the monthly annuity? ... What are potential positive and negative ramifications of accepting the lump sum? ... What are the tax implications of accepting a lump sum? ... What is the role of the [PBGC] and what level of protection does PBGC provide on each benefit option? ... What are the instructions for either accepting or rejecting the lump sum offer? ... Who can be contacted for more information or assistance?" (Forbes)
Retirement Planning Through the Decades
" 'Imagine taking a 30-year vacation and the amount of time it would take you to plan what you're going to do and for you to fund it-- that's what planning for retirement is about,' says Rebekah Barsch, vice president at Northwestern Mutual.... The sooner you begin to save though, the more time you'll have on your side.... Experts provide guidance on steps to take during each decade." (Fox Business)
Women Need Retirement Planning Nudge
"Nearly half (48%) of men have calculated the amount of assets and investments they will have available to spend in retirement, but only 40% of women have done so. Two-thirds (66%) of men have determined what their Social Security benefits would be at different retirement ages, compared to 63% of women. Fifty-four percent of men have determined what their income will be in retirement, while 53% of women have done the same. Forty-eight percent of men have determined what their expenses will be in retirement, versus 47% of women." (PLANSPONSOR)
Maximizing Your Lifetime Social Security Benefits (PDF)
"You can boost your annual payments significantly by waiting to claim your Social Security benefits until age 70. [A table] shows the yearly increase based on the year of your birth. For those born between 1943 and 1954, waiting until you are 70 will give you 32% more in annual benefits than if you took them at your full retirement age of 66, and 76% more than you would receive by taking them at age 62." (Bronfman E.L. Rothschild)
Why Women Need to Save More and How to Get Started
"The first step is to take advantage of any retirement plans that might be offered through your employer. Find out what options your employer offers and what you need to do to maximize those benefits. If you are already in a plan, are you contributing at least enough to get any matching contributions from your employer? ... [If] you are staring at an empty savings account and starting from scratch, the most important thing you can do is find ways to save each day and start to build up your savings." (Women's Institute for a Secure Retirement [WISER])
Young People Who Want to Have a Lot of Money in Retirement Better Understand This Chart
"Young people just joining the labor force can reasonably expect they won't have a pension waiting for them come retirement. We've moved to the age of 401(k)s and individual retirement accounts, which gives us more control over our future.... Compound interest is a friend to young people, if they start saving early." (Business Insider)
401(k) Participant Behavior in a Volatile Economy
"Using administrative tax records and household surveys, [the authors] examine how participants responded to these periods of economic expansions and contractions by documenting changes in 401(k) participation, contributions, and contribution rates from 1990 to 2009. Controlling for earnings, job changes, and other household factors, [the authors] find that workers reduce their 401(k) participation and contributions during recessions. Changes in participant behavior during the Great Recession, in particular, could lower 401(k) assets of the typical 30-year-old by as much as 8% at age 62." (Urban Institute)
401(k) Investors: Avoid These 20 Mistakes
"Plans offered by small employers may be larded with extra administrative fees or high-cost funds, and their lineups may skimp on core asset classes such as international equity or fixed income. Participants can also run into unforced errors -- for example, not paying enough attention to asset allocation when making their investment selection, or cashing out their money when they change jobs.... In short, 401(k) plans invite the potential for plenty of goofs. Here are 20 common ones, as well as tips on avoiding those mistakes." (Morningstar)
How to Save More Money for Retirement
"Let's look at several hypothetical 401(k) investors and see what happens if they contribute just 1% more of their salary to their 401(k) until retirement at age 67.... Our examples assume that the investors' salaries grow 1.5% a year -- adjusted for inflation -- which will boost their contribution amounts along the way.... Take a look at the chart ... to see what a difference a small increase can make." (Fidelity)
Crunching the Numbers on That Lump Sum Optional Form of Payment (or Lump Sum Buyout Offer)
"[I]nterest rates to determine lump sums are currently very low, and retirees may be legitimately tempted by the amount of the lump sum offer they may be eligible to receive and roll over to an IRA.... Since pension plan lump sum offers are based on unisex mortality assumptions (and will therefore be equal in amount for males and females of the same age with the same benefits) and annuity rates from insurance companies are higher for females than males, a pension lump sum offer will almost always be more favorable for males than females when measured as a percentage of the market value of the annuity." (Ken Steiner, FSA Retired)
Breaking Up (the Pension) Is Hard to Do
"The following methods for splitting a pension 50/50 have strikingly different outcomes for the participant in the pension plan and for his or her former spouse: Defined contribution plans: Tracing assets ... Subtraction ... Coverture ... Defined benefit plans: Dividing benefit payments ... Carve-out ... Value and offset." (SquaredAway Blog, by the Center for Retirement Research at Boston College)
The Best Online Tools for Retirement Planning and Living
"A growing array of apps and websites make it easier to complete many of the most basic -- and most important -- tasks, from saving money and creating legal documents to figuring out a second career and where to live. There are tools for people nearing or in retirement, and for people just starting to think about it. There are apps that help couples set up budgets and stick to them, websites that rebalance 401(k) allocations, and calculators that offer a better-than-educated guess as to how long that nest egg is going to have to last." (The Wall Street Journal; subscription may be required)
Are You Mentally Fit Enough to Plan for Retirement?
"In this era of 'self-directed' retirement (no pensions, you make all the investment choices) postponing making a real plan poses a particular risk to future security. Not only are the logistics of planning hard enough -- when to collect Social Security, how to budget for expenses, what to do with savings -- but the decline in cognition that accompanies normal aging has a measurable negative impact on the ability to make sound financial decisions." (Money)
Are Target Date Funds a Ticking Time Bomb?
"Many fiduciary advisers see TDFs as fraught with issues.... The appearance of simplicity best explains the popularity of TDFs, but it also suggests their problem.... There has long existed a viable alternative to TDFs... 'Target Risk funds or "lifestyle" funds match the risk profile of the investor (or rather the investor selects the lifestyle fund that matches his or her risk profile),' says [investment advisor] Francesca E. Federico.... Target risk funds have the advantage over target date funds in that they are easier to support the retirement saver's personal goals." (Fiduciary News)
U.S. Retirement Security Isn't Getting Any Better
"The 2015 Natixis Global Retirement Security Index put Switzerland at the No. 1 spot in its annual ranking of the well-being and 'life conditions' that pre-retirees and retirees can expect across 150 countries. The prospects for current and aspiring retirees in America is less good: The U.S. is stuck at No. 19, where it's been for the past three years." (Bloomberg)

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