Target date funds

“Honestly, it’s a little frightening,” said Joel Schiffman, who oversees defined contribution products in North America for Schroders.

A 50% allocation to equities for someone in their 60s still leaves someone with a lot of risk right before retirement, writes Jared Dillian.

The funds had posted gains over the past decade, but have suffered losses amid this year's coronavirus-driven volatility.

These retirement vehicles can be less complex and cheaper than alternatives.

Steady gains made in equity markets last year were "clearly a tailwind,” an expert says.

“Investment allocations can differ from one fund to another, and so do the expense ratios,” an expert cautions.

Helping clients develop a solid investment strategy is an important step to help them survive market volatility.

Paying down debt, downsizing and reducing spending are a few ways retirees can grow their finances.

To build their wealth, retirement savers are advised to take advantage of tax-advantaged plans including 401(k)s and IRAs.

Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.