Target date funds

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.

Withdrawals for non-medical expenses would no longer be penalty-free under the proposal.

The Labor Department is poised to release a rule that would make it easier for small businesses to establish a multi-employer 401(k) plan for their workers.

Target-date funds can help risk-averse young clients ease into investing.

The firm expects shareholders will save an estimated $3.2 million, annually.

With the reductions, nearly all of the firm’s index funds will have total net expenses lower than comparable Vanguard products.

All 20 funds posted losses over the last year.