Podcasts about target date funds

Are you unintentionally setting a tax trap for your future self in retirement? In this episode of Retirement Coffee Talk, Charisse Rivers deconstructs the hidden pitfalls facing everyday investors and do-it-yourselfers. From the surprising realities of retirement income sources to the rigid nature of cookie-cutter target-date funds, discover why generic financial advice often falls short. Learn how overlooked tax planning and Required Minimum Distributions (RMDs) can trigger a costly domino effect on your Medicare premiums and explore the critical role of stress-testing your portfolio against market volatility. Like this episode? Hit that Follow button and never miss an episode!

In this special live episode of Facts vs Feelings from Carson's Second Quarter Summit in Chicago, Ryan Detrick and Sonu Varghese sit down with Nobel Prize-winning economist Dr. Richard Thaler for a conversation that ranges from NFL draft strategy to retirement savings design to why markets keep producing events that are statistically supposed to be impossible.Thaler breaks down his "Loser's Curse" research on the NFL draft, explaining why top picks are systematically overvalued and why trading down is almost always the smarter move. Twenty years and a Nobel Prize later, teams have barely improved their ability to predict talent. The better-than-the-next-guy stat went from 52% to 53%.The conversation covers Bob Shiller's work on excess market volatility, what it actually means when 10-sigma events keep showing up every decade, and why the coming wave of major IPOs is forcing index providers into decisions that are anything but passive.On the behavioral side, Thaler walks through the three pillars that transformed 401k design: automatic enrollment, target date funds, and Save More Tomorrow and why the UK's approach to retirement mandates got the balance right. He also gets into mental accounting and why a $2 million gain in home equity has almost no impact on spending while a direct deposit hits a checking account and disappears immediately.Key Takeaways: NFL teams have had 20 years, full quant departments, and AI-powered scouting to improve on Richard Thaler's draft research. Their ability to rank players better than a coin flip moved from 52% to 53%. Tom Brady was picked 199.The first pick in the NFL draft is not worth six second-round picks. Trading down is the winning strategy, and trading a pick this year for a pick next year where the going rate is one round works out to roughly a 120% implied interest rate.When stocks get added to the S&P 500, the price pops. Andre Shleifer proved it in grad school with a paper called "Do Demand Curves Slope Down for Stocks?" The answer was yes, and it was controversial at the time. Now everyone knows it and the SpaceX IPO is about to test it at a scale the market has never seen.Buying an IPO on day one looks exciting and has historically cost investors around 30% in underperformance versus the market over the following three years, according to Jay Ritter's data.Making enrollment the default in 401k plans, rather than requiring employees to opt in, had a bigger impact on retirement savings rates than any amount of financial education. Which box comes pre-checked should be irrelevant. It isn't.A $2 million gain in home equity produces almost zero change in spending. The same money landing in a checking account gets spent. Mental accounting is not a quirk; it shapes how wealth actually moves through the economy, and you can't model the wealth effect without accounting for where the money sits.Jump to:0:00 - Live From Chicago Kickoff0:35 - Sponsor Message From Pimco1:13 - Welcoming Nobel Laureate Richard Thaler2:31 - The NFL Draft Loser's Curse9:03 - Can You Fire Your Team10:31 - Why Markets Swing Too Much18:35 - IPOs Index Rules And Demand Shocks24:24 - Live T-Shirt Toss Intermission25:47 - Nudges That Fix Retirement Saving34:33 - Education Versus Mandates In Policy38:45 - Fees Transparency And Trust41:09 - Mental Accounting And The Wealth Effect45:13 - Final Thanks And Sign-Off45:42 - Important DisclosuresConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

Schedule a Free Financial Assessment with an experienced professional:https://bit.ly/PureFreeAssessmentHeidi from the Space Coast of Florida found a money-saving tidbit in a past episode that completely changed how she thinks about her financial advisor's fee. Joe Anderson, CFP® and Big Al Clopine, CPA expand on the strategy, today on Your Money, Your Wealth® podcast number 584. Laverne and Shirley have four million bucks, Roth conversion questions, annuity questions, and a retirement plan so detailed it may require a diagram. Finally, Bess and George from Pure Michigan are already retired, already on Social Security, and already losing sleep over their investments. So why are they so stressed? Joe and Big Al's a debate about a 1% advisory fee gets a little spicy in that one.Retirement Accounts Guide - free download:https://purefinancial.com/white-papers/retirement-accounts-guide/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-retirement-accounts-guide&utm_content=ymyw-pod-ep584-description-whitepaperFinancial Blueprint - free, self-guided retirement plan check-in:https://purefinancial.com/financialblueprint/?utm_source=captivate&utm_medium=podcast&utm_campaign=financial-blueprint&utm_content=ymyw-pod-ep584-description-blueprintRetirement Course: Can You Hit a Hole in One? With PGA Pro Chris Riley - YMYW TV:https://purefinancial.com/ymyw/episodes/retirement-course-hole-in-one-pga-pro-chris-riley/?utm_source=captivate&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep584-description-tv-s11e02REQUEST your Retirement Spitball Analysis:https://bit.ly/AskJoeAndAlDOWNLOAD more free guides:https://bit.ly/PureGuidesREAD financial blogs:https://bit.ly/PureFinBlogWATCH educational videos:https://bit.ly/PureEdVideosSUBSCRIBE to the YMYW Newsletter:https://bit.ly/YMYWNewsletterConnect With Us:Subscribe on YouTube and join the conversation in the comments:https://bit.ly/YMYW-YTSubscribe or follow YMYW in your favorite podcast app:https://lnk.to/ymywLeave your honest reviews and ratings in Apple Podcasts:https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254Chapters: 00:00 - Intro: This Week on the YMYW Podcast01:02 - Can Financial Advisor AUM Fees Come Out of Pre-Tax Money? (Heidi, Space Coast, FL)09:54 - Are We Converting Enough Before RMDs? What to Do With Annuities? (Laverne & Shirley, Cleveland, OH)30:23 - Target Date Funds and a Sad Brokerage: Good Enough? Can't See Ever Paying an Advisor (Bess & George, MI)45:37 - Outro: Next Week on the YMYW Podcast

Don celebrates the continued success of the Friday Q&A format and the encouraging first week of sales for his novel The Line Uncrossed, including a strong Kirkus review, before tackling a series of listener questions centered on retirement income and fixed income investing. He explains how his combination of cash reserves, a CD ladder, and bond funds supports a disciplined withdrawal strategy, discusses why diversified bond funds like BND still play an important role in reducing portfolio volatility, rejects the idea that Social Security and pension income should be counted as bond allocations within an investment portfolio, argues against the concept of a reverse glide path that increases stock exposure later in retirement, and shares lessons learned from decades of entrepreneurship about balancing investments in a business versus the market. Throughout the episode, he emphasizes diversification, discipline, investor behavior, and the importance of managing volatility rather than chasing returns.0:05 Why listener questions remain Don's favorite part of talk radio after 40+ years1:16 Friday Q&A episodes continue to be the most downloaded shows each week1:50 Easier ways to submit questions through the redesigned Talking Real Money website2:42 First-week sales update on The Line Uncrossed and reader support3:21 Positive Kirkus review and details on the ebook bundle4:48 How Don uses cash, bond funds, and a CD ladder during retirement8:00 Why BND and total bond market funds remain useful fixed income tools11:22 Should Social Security and pensions count as bonds in your allocation?14:26 Why Don believes reverse glide paths are a bad retirement strategy17:34 Investing in your own business versus investing in the market21:23 Why compliance reviews delay listener questions from airingQuestions? Comments? Click!

Morningstar stamps what it thinks about a fund's future with this Medalist Rating. You've probably seen a star with the word Gold, Silver, or Bronze next to a fund you were researching on Morningstar.com. This represents the fund's Morningstar Medalist Rating. The manager research team recently reworked and simplified how they judge funds to create a simpler process for investors to understand. The new methodology also brings more transparency and stability. Some funds' ratings rose, while others fell or held steady. What were the key factors that led to the upgrades and downgrades, and which funds gained or lost status? Morningstar Senior Principal of Ratings Russ Kinnel was in a room where it happened. Russ, who is also the editor of Morningstar FundInvestor, is here to talk about it. How Morningstar's New Medalist Rating Methodology Affects 11 of America's Largest Funds On this episode: 00:00:00 Welcome 00:01:33 Why Morningstar refreshed its Medalist Rating methodology 00:02:43 How the new criteria evaluate active and passive funds 00:03:07 Rating changes across fund categories and equity style boxes 00:04:09 Fidelity Contrafund, Pimco Income, and Vanguard Total Stock Market Index reviewed 00:06:25 Upgrades for target date, bank loan, and allocation funds 00:08:44 High fees trigger downgrades for some funds   Watch more from Morningstar: Will Vacation Inflation Affect Your Summer Travel? Here's What to Know https://www.morningstar.com/stocks/will-vacation-inflation-affect-your-summer-travel-heres-what-know Bond ETF Flows Just Flipped. Here's What It Means for You https://www.morningstar.com/bonds/bond-etf-flows-just-flipped-heres-what-it-means-you How Big Tech's Bond Spree and Rising US Debt Are Creating Risks and Opportunities https://www.morningstar.com/bonds/how-big-techs-bond-spree-rising-us-debt-are-creating-risks-opportunities   Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As part of 401(k) Specialist's Q2 Deep Dive on target-date funds, Editor-in-Chief Brian Anderson sits down with Mercer Director of Defined Contribution Strategic Research Teams Preet Prashar to discuss the rapidly evolving TDF landscape—from market concentration and glidepath design to passive investing, fiduciary concerns, lifetime income solutions, and private assets.Drawing from Mercer's recent white paper, “Target Date Landscape: The Evolution of Target Date Strategies and Future Considerations,” Prashar shares key insights plan sponsors and advisors should consider as target-date funds continue to dominate the defined contribution marketplace.SEE ALSO:• $4.8 Trillion and Growing: Why Traditional TDFs are Still Key to 401(k) Success• Executive Q&A: Refining Accumulation Strategies Through TDFs with MFS' Jeri Savage

Don and Tom unload on sensationalized financial journalism, taking aim at recent articles claiming the 4% withdrawal rule and classic 60/40 portfolios are “failing” retirees. They argue that the media increasingly prioritizes fear-driven headlines over practical investing wisdom, pushing emotionally charged narratives that ignore investor behavior and long-term historical returns. The duo also push back against claims that target-date funds could wipe out retirees, explaining why diversified portfolios remain far less risky than headlines suggest. Listener questions cover Robinhood's controversial 2% transfer bonus, SEC transaction fees on ETF sales, Roth IRA liquidity concerns, rebalancing discipline, and the dangers of emotionally reacting to politics and markets. Along the way, Don discusses the release of his Civil War novel The Line Uncrossed, while Tom manages to squeeze in Morse code, Rasputin, and model bomber references for absolutely no good reason whatsoever.0:05 Don and Tom rant about the collapse of quality financial journalism1:43 Criticism of Money.com article attacking the 4% rule and 60/40 portfolios2:44 Morningstar's 3.7% withdrawal study versus the traditional 4% rule4:21 Why “100% stocks beats 60/40” ignores investor psychology and risk tolerance5:03 Emotional pain, market crashes, and why most investors cannot handle full equity exposure6:02 Financial media sensationalism and clickbait retirement headlines7:32 Seattle Times article warning target-date funds could destroy retiree savings8:35 Critique of claims that target-date funds are dangerously risky at retirement9:41 Discussion of Vanguard 2025 target-date allocation and global diversification12:00 Why diversified global portfolios are far less risky than fearmongers suggest13:16 Media outrage, sensationalism, and why Talking Real Money avoids scare tactics14:48 Listener comment about Don's books appearing on Amazon15:15 Reality check on book royalties and publishing economics15:49 Discussion of Don's Civil War novel The Line Uncrossed17:19 Book pricing, Kindle strategy, and avoiding Amazon exclusivity18:41 Transition to listener questions19:10 Caller asks about Robinhood's 2% IRA transfer bonus and possible tax issues20:10 Why IRA transfers and Robinhood bonuses are generally not taxable21:05 Concerns about Robinhood's gamified investing culture versus Vanguard's philosophy22:03 Risks of getting lured into speculative products after transferring assets22:59 Caller explains working with a fee-only fiduciary advisor and self-managing investments24:48 SEC transaction fees on ETF sales explained25:47 Why the SEC fee is effectively meaningless for ordinary investors26:15 Listener question about moving Roth IRA money to CDs due to market fears29:10 Why emotionally reacting to politics and market fears can hurt long-term investing31:17 Importance of maintaining an appropriate long-term asset allocation31:41 Tom jokes nervously about a meeting with HRQuestions? Comments? Click!

Chris and Paul explain what target-date funds are and do, and how to augment them with some small-cap value to get the broad diversification benefits of the other Sound Investing portfolios. They describe several approaches and tools investors can use to determine what might be best for them.CHAPTERS00:00 Intro03:03 Target-Date Funds07:00 Glide Paths15:17 TDF Backtesting19:55 TDF Weaknesses26:20 "Easy" 2FFL34:46 "Moderate 2FFL37:48 "Aggressive" 2FFL41:00 Customizer52:15 Calculator61:07 Books 66:00 Outro LINKS:Wharton Target Date Funds & Portfolio Choice in 401(k) PlansMorningstar “2026 Target-Date Fund Landscape”Merriman 2 Funds for Life Fine Tuning Tables- Fine-Tuning Tables – 50/50 Portfolio Fine-Tuning Tables – 70/30 Portfolio Merriman Aggressive Target-Date Glide Path CalculatorMerriman 2 Funds for Life CalculatorFine-Tuning Tables – 50/50 Portfolio (2025 Returns) Fine-Tuning Tables – 70/30 Portfolio (2025 Returns)

Is America's retirement system really built to serve retirees, or is it built to serve Wall Street?In this episode of Follow the Money, Jerry Robinson welcomes back longtime guest and author Barry James Dyke for a hard-hitting conversation on what Barry calls Wall Street's retirement trap.Barry, author of The Pirates of Manhattan and The Retirement Ruse, explains why America's retirement system is failing so many workers and retirees. Jerry and Barry discuss 401(k)s, target-date funds, the 4% withdrawal rule, collective investment trusts, private credit, sequence-of-returns risk, and the need to think more seriously about retirement income.They also discuss Barry's upcoming book, Black Eyes for BlackRock, and the growing influence of major financial firms over America's retirement savings.Need a second opinion on your retirement income strategy?Visit FollowTheMoney.com/adviceOr call 800-609-5530Follow Jerry Robinson and Follow the Money:Website: FollowTheMoney.comAdvisor Referral Service: FollowTheMoney.com/advicePodcast: FollowTheMoney.com/podcastX: @ftmdailyDisclaimer: This content is for educational purposes only and should not be considered personalized financial advice.

TomDupreeShow_ShowNotes_2026-05-09 The post Why Your Target Date Fund May Fail You in Retirement appeared first on Dupree Financial.

Paul sits down with Chris Pedersen and Daryl Bahls for the first Q&A session in months — and this one is built around the questions readers and listeners ask most often. Chris and Daryl share what they're working on next (Best-in-Class ETF updates, Target Date Fund work, telltale charts, risk-adjusted return analysis), Paul talks about a smarter way to use AI for the questions outside our wheelhouse, and the team works through six reader questions about portfolio design — from combining model portfolios to choosing between fund families.If you've ever wondered whether your portfolio is "right," this conversation will help you think about it the way Chris and Daryl do.8:30 — Should I combine the Worldwide Four Fund, U.S. Four Fund, and Worldwide All Value with a small cap value tilt?16:00 — How do I read the Sound Investing tables to compare portfolios?30:30 — Worldwide All Small Cap Value vs. the U.S. Two Fund — which is better?38:15 — My Vanguard Four Fund uses VOO, VTV, VB, and VBR — am I using the right ETFs?41:30 — How do Vanguard, Fidelity, Schwab, DFA, and Avantis compare on size and value exposure?46:30 — How do I get help with Merriman portfolios when I need it?Table B2 Table H2 Fine Tuning Tables Portfolio ConfiguratorYou'll get the full answers, the data behind them, and Chris and Daryl's reasoning by watching or listening.Watch the video here- https://youtu.be/BdTNOkALpuQ

Looking for a financial planner?  → PlanWithJesse.com Jesse delivers a critical re-evaluation of target date funds—one of the most widely used "set-it-and-forget-it" retirement tools—arguing that while their simplicity is appealing, their real-world performance often falls short in meaningful ways. He begins by explaining how target date funds work, focusing on their defining features: the glide path (a gradual shift from stocks to bonds over time) and their structure as "funds of funds." From there, he highlights their massive dominance in retirement accounts following the 2006 Pension Protection Act, which positioned them as default investment options for millions of Americans. But the core of the episode centers on a striking finding from recent research: the average target date fund underperforms a comparable low-cost index portfolio by roughly 1% per year—an outcome driven primarily by higher fees, the inclusion of actively managed sub-funds, and tactical allocation decisions that attempt (and often fail) to outsmart the market. Jesse further explores the wide dispersion in outcomes between funds of the same "vintage," the structural limitations imposed by employer-sponsored plan menus, and the "curse of average," which makes it impossible for any single glide path to suit an individual investor's unique financial situation. Using a bread-making analogy, he argues for a simpler, more intentional portfolio construction approach built around four core ingredients: appropriate risk level, broad diversification, low cost, and behavioral sustainability. He concludes by offering a practical framework for evaluating target date funds—favoring low-cost, passively managed options from providers like Vanguard, BlackRock, and Fidelity's index series—while emphasizing that even the best target date funds are best viewed as temporary solutions or "good enough" defaults rather than optimal long-term strategies. Key Takeaways: • Target date funds are designed as all-in-one retirement portfolios that automatically adjust risk over time. Their core mechanism is the "glide path," shifting from stocks to bonds as retirement approaches. • Most target date funds are structured as "funds of funds," investing in underlying mutual funds or ETFs. • The average target date fund underperforms a comparable index-based benchmark by ~1% annually. • The "curse of average" means no single glide path can suit every investor's needs. • Effective portfolios rely on four ingredients: risk level, diversification, low cost, and behavioral fit. • Some target date funds (e.g., Vanguard, BlackRock, Fidelity Index) are significantly better than others. Key Timestamps: (02:38) – What Target Date Funds Do (08:23) – How They Took Over 401(k)s (12:01) – The 1% Problem (14:27) – Where Underperformance Comes From (20:28) – Dispersion and Illusion of Choice (24:13) – Curse of Average (32:59) – Four Key Ingredients (38:31) – Best and Worst Families Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions: https://www.riskparityradio.com/podcast-episodes/episode-333-putting-the-hammer-down-with-a-rant-on-target-date-funds-and-portfolio-reviews-as-of-april-12-2024 https://rationalreminder.ca/podcast/374 https://workplace.vanguard.com/investment/strategies/tdf-glide-path.html Prof Brown's Research: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3707755 More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Need a financial planner?  → PlanWithJesse.com  The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

Free Copy of My Book: Building Wealth In the TSP: Your Road Map To Financial Freedom as A Federal Employee: https://app.hawsfederaladvisors.com/free-tsp-e-book Want to schedule a consultation? Click here: https://app.hawsfederaladvisors.com/whatservicemakessense I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.

Target-date funds are one of the most common investments inside retirement plans, largely because they're simple and automatic. But are they really the best option for your long-term portfolio? In this episode, Ryan explains how these funds work, why they've become so popular, and where they may fall short for investors who want a strategy tailored to their situation. Here's what we discuss in this episode:

Jesse is joined by Cullen Roche—financial writer, macro thinker, and founder of Discipline Funds—for a clear-eyed conversation about how money actually works, why so much financial commentary gets it wrong, and how investors can make better decisions by understanding the plumbing beneath markets. Together, they unpack the core mechanics of the modern monetary system, including how government spending, deficits, and interest rates function in practice rather than theory, and why fears around debt and inflation are often oversimplified or misapplied. Cullen explains the crucial distinction between households and currency issuers, challenges common narratives around money printing and fiscal irresponsibility, and outlines how misconceptions about macroeconomics can lead investors to poor asset allocation decisions. The discussion also explores portfolio construction through the lens of economic regimes, the role of cash and bonds as stabilizers rather than return drivers, and why discipline and risk management matter more than prediction. Throughout, Jesse and Cullen emphasize that understanding monetary operations is not about forecasting markets, but about grounding financial decisions in reality, humility, and process—especially in a world saturated with confident but flawed macro narratives. Key Takeaways: • Governments that issue their own currency operate under fundamentally different constraints than individuals. • Understanding monetary plumbing helps investors avoid emotional macro reactions. • Narratives are persuasive but frequently misleading. Sound investing focuses on process over storytelling. • Portfolio construction should reflect multiple possible economic outcomes. • Understanding how money moves reduces fear-driven decisions. • Long-term success depends more on behavior and discipline than on being "right" about the economy. Key Timestamps: (01:50) – The Intellectual Side of Investing (06:39) – Efficient Market Hypothesis and Index Investing (11:43) – The Super Investors of Graham and Doddsville (14:44) – Cullen Roche Joins the Show (25:18) – Understanding High Expectations and Stock Volatility (30:12) – Target Date Funds and Customizing Portfolios (36:42) – Government Debt and Fiscal Policy Concerns (43:04) – Balancing Complexity and Simplicity in Financial Plans (49:15) – Cullen Roche's Perfect Portfolio Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions:Website: https://ria.disciplinefunds.com/ LinkedIn: https://www.linkedin.com/in/cullenroche/ Mentions: Your Perfect Portfolio: The ultimate guide to using the world's most powerful investing strategies by Cullen Roche Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance by Cullen Roche More of The Best Interest:Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Consider working with me at https://bestinterest.blog/work/ The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.  

Target date funds are one of the most popular investment options inside a 401(k), but are they actually the right choice for your retirement plan? In this episode of The Wise Money Show, we break down how target date funds work, when they make sense, and when building your own diversified portfolio may be the smarter move. We also answer a fan question about choosing a later retirement date to take on more risk, and whether that strategy really works.  Season 11, Episode 25 Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/    Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/contact-korhorn-financial-advisors/ or call 574-247-5898.   Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Listen on podcast: https://pod.link/1040619718   Watch this episode on YouTube: https://youtu.be/aQrM3rZ0GwY  Submit a question for the show: https://www.korhorn.com/ask-a-question/   Read the Wise Money Blog: https://www.korhorn.com/wise-money-blog/    Connect with us: Facebook - https://www.facebook.com/WiseMoneyShow  Instagram - https://www.instagram.com/wisemoneyshow/    Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.

In this episode of Boldin Your Money, host Steve Chen sits down with California State Treasurer Fiona Ma and CalSavers Executive Director David Teykaerts to explore how California is tackling the retirement savings gap through the CalSavers program. Fiona shares her personal journey from the private sector into public service and explains the treasurer's broader role as the state's banker, overseeing investments, bonds, and multiple savings initiatives. Together, Fiona and David walk through why CalSavers was created, how automatic payroll savings can dramatically increase participation, and why default design, low fees, and simplicity matter most for workers who've historically lacked access to retirement plans. The conversation highlights the program's scale and impact—hundreds of thousands of savers, billions saved, and growing along with lessons about behavioral finance, employer responsibility, and the power of “set it and forget it” systems to build long-term financial security for everyday Californians.

Upcoming Event + What's NewBefore jumping into today's questions—there are some good ones—I want to share a quick note.I'll be at the Annual RetireMeet on March 7 in Bellevue at the Maidenbauer Building. I'll be there all day at the booth and will be discussing the inside story on diversification, including new thinking on rebalancing that I believe you'll find useful.Christine Benz — Director of Personal Finance and Retirement Planning at Morningstar How to retire successfully, with practical, research-backed retirement planning guidance.Tom and Don — longtime members of the Truth Tellers Club Retirement evolution and income planning, including sustainable withdrawal strategies and real-world retirement insights.A speaker from Dimensional Fund Advisors The psychology of investing and how investor behavior affects long-term results.Kevin Peterson — insurance expert who helped us select new coverage this year Getting the most from Medicare and making smart coverage decisions.An estate planning attorney Building an effective estate plan, including wills, trusts, and beneficiary strategies.Joe Saul-Sehy, co-host of Stacking Benjamins Common mistakes that make retirement miserable—and how to avoid them.The event is available in person and online. In-person attendees receive lunch. Online attendees pay a small fee that supports nonprofits focused on financial education.I also spent time this week with Daryl Balls, working on updates to the quilt charts and new tables. We're excited to share those soon, along with the next Boot Camp series, starting later this month.Questions of the DayHow can I avoid getting scammed by a bad financial advisor? 04:03How can my parents decide when to start Social Security? 07:08How do I identify my target asset allocation if I am 41 and plan to retire at 65, taking Social Security at 70 and with a pension? 08:47Can you help me build a sample asset allocation? 11:46What should I learn first to understand asset allocation? 14:10How do target date funds fit into asset allocation? 17:42How does VTSAX fit into this strategy? 17:04My 401(k) only offers Vanguard Total Market, Mid-Cap Index, and Small-Cap Index. Can I build a good portfolio? 20:40If I'm contributing monthly, should I rebalance using contributions or make separate trades? 27:59I have a closed 401(k) with a target date 2050 fund. Is that a good core holding? 28:50A Final ThoughtI recently spoke with an investor who realized they didn't need to draw from their investments at all, thanks to Social Security and a pension—even with nearly $2 million invested.When you don't need the money, you get to choose your medicine—aggressive or conservative.We're excited about the upcoming Boot Camp, new tables, and educational tools. If we can do a better job teaching, our hope is that you'll do a better job investing—for yourselves and for those who count on you. Links Mentioned in This EpisodeInvestor EducationGet Smart or Get Screwed Truth Tellers – Social SecuritySocial Security Made Simple by Mike PiperMike Piper – Oblivious Investor When to Take Social Security: Pros & Cons – Jim Dahle (White Coat Investor)https://www.whitecoatinvestor.com/when-to-take-social-security-a-pro-con/Asset Allocation & Target Date FundsTwo Funds for Life – Chris PedersenSound Investing Portfolio Series (Boot Camp – prior year)Ultimate Buy & Hold StrategyFine-Tuning Your Asset AllocationEventAnnual RetireMeet – Bellevue (March 7)Research & ToolsQuilt Charts and Tables (Paul Merriman / Daryl Balls)

Welcome to 2026! A new year brings a fresh set of rules for your retirement savings, and not all of them are straightforward. With the turning of the calendar comes changes to contribution limits, Social Security adjustments, and new tax mandates that could catch you off guard if you aren't paying attention. In this first episode of the year, I break down exactly what is changing for 2026, from the "good news" of higher contribution limits to the "bad news" of Medicare premium hikes that might eat up your entire Social Security cost-of-living adjustment. I also dive into a controversial new rule from the Secure Act 2.0 that forces high earners to change how they save in their 401(k)s, removing the choice of pre-tax savings for many. We also tackle some fantastic listener questions, including a look at why Target Date Funds had a "lucky" year in 2025 (and why I still don't recommend them), and I dismantle a dangerous misconception about retirement withdrawals, the "Mayonnaise Jar" math that convinces retirees their money will last 20 years when, in reality, inflation and life have other plans. You will want to hear this episode if you are interested in... (00:23) Intro to 2026 Changes. (04:36) Social Security COLA vs. Medicare Premiums. (06:40) New IRA and 401(k) Contribution Limits. (10:24) The New "Roth Catch-Up" Mandate for High Earners. (18:57) New Charitable Deduction Rules. (20:03) Listener Q: Target Date Funds Explained. (29:12) Listener Q: The "Mayonnaise Jar" Withdrawal Mistake. The "Fake" Raise: Social Security vs. Medicare in 2026 We start the year with what sounds like a win: a 2.8% Cost of Living Adjustment (COLA) for Social Security recipients. However, before you start budgeting that extra cash, you need to look at the other side of the ledger. Medicare Part B premiums have jumped by nearly 9.67%, rising to $202.90 a month. For many retirees, this increase will come directly out of their Social Security check, effectively wiping out the "raise" they thought they were getting. It is a reminder that healthcare inflation often outpaces general inflation, and your plan needs to account for that reality, not just the headline numbers. The $150k Trap: New Mandatory Roth Rules One of the biggest changes for 2026 comes from the Secure Act 2.0, and it impacts high earners. If you earned $150,000 or more in FICA wages in 2025, you no longer have a choice on how you make your "catch-up" contributions. Uncle Sam now mandates that your catch-up contribution (the extra $8,000 you can save if you are over 50) must go into a Roth 401(k). This means you lose the immediate tax deduction on those dollars. It is a way for the government to grab more tax revenue now rather than later, and for many savers, it removes the flexibility to design a tax strategy that fits their specific needs. If your employer doesn't offer a Roth option, you might be out of luck entirely. Why "Cookie Cutter" Investing Still Fails (Even When It Wins) A listener asked why their Target Date Fund performed so well in 2025. The answer lies in a rare alignment of international markets and bond performance that boosted these funds last year. But one good year doesn't change my fundamental problem with these funds: they are "cookie-cutter." They treat every 65-year-old exactly the same, ignoring your personal goals, your risk tolerance, and your income needs. It's like walking into a car dealership and being told you have to buy a minivan just because everyone else your age is buying one. You deserve a plan customized to your life, not a default setting based on your birth year. The "Mayonnaise Jar" Math Mistake Finally, I address a listener who believed he was set for 20 years because he could withdraw $50,000 a year from his $1 million nest egg until it hit zero. I call this "Mayonnaise Jar" math, assuming you can just pull cash out of a stagnant jar until it's empty. This logic fails because it ignores inflation. As we saw in 2025 with beef prices jumping 20%, the cost of living does not stay flat. $50,000 today will not buy $50,000 worth of goods in ten years. If you don't have your money invested to grow and outpace inflation, you aren't planning for a 20-year retirement; you're planning to run out of purchasing power long before you run out of money. Resources & People Mentioned 3 Steps to Retirement Planning Retirement Budgeting Tool Connect With Gregg Gonzalez Email at: Gregg.gonzalez@lpl.com Podcast: https://RetirementMadeEasyPodcast.com Website: https://StLouisFinancialAdvisor.com Follow Gregg on LinkedIn Follow Gregg on Facebook Follow Gregg on YouTube Subscribe to Retirement Made Easy On Apple Podcasts, Spotify, Google Podcasts

On this episode: What do turkey-flavored Oreos have in common with financial products that aren’t what they seem? Are your retirement funds hiding surprises? Uncover the overlooked pitfalls of target date funds. Is generosity now a threat to your own retirement security? Is wiping out all your debt before retirement a smart move—or a costly mistake? Like this episode? Hit that Follow button and never miss an episode!

On this episode: Vanguard is offering a Target Date Fund with an annuity option. What could go wrong? Turns out, retirees want more stability than the stock market provides. If you DIY your retirement plan, what are the dangers? Like this episode? Hit that Follow button and never miss an episode!

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Target-date funds are sold as the easy, worry-free choice for 401(k) investors—but that simplicity is disappearing fast. As Jason Zweig warns in the Wall Street Journal, Wall Street has a habit of taking elegant ideas and burying them under fees, complexity, and opaque strategies. In this episode, Chris explains why target-date funds have always been problematic, how over-diversification and mediocre performance leave investors just treading water, and why “alternatives” are likely the next thing quietly stuffed into these portfolios. If you think you're safely set it and forgetting it, you may actually be volunteering to be the last buyer in Wall Street's game of musical chairs.

Pentegra “boogeyman” settlement finally gets the green light, Trump Accounts roll out with bold promises for newborn savers, and a surprising study suggests retirees may be heading toward a 2.1% withdrawal rate—whether they mean to or not. Plus, fresh data shows investors growing frustrated with disappointing Target Date Funds.

Ready to stay informed about today's highly searched retirement topics and financial planning questions? The latest Money Matters Podcast with Wes Moss and Christa DiBiase brings together real-world case studies, retirement strategies, and economic context to help listeners think clearly about long-term decisions. • Reconsider how to frame financial inheritance and lifelong money habits by emphasizing independence, planning skills, and non-monetary lessons. • Reflect on a story about balancing parental support with maintaining retirement priorities, including decisions around student loan assistance for adult children. • Review how Target Date Funds work—covering structure, glide paths, and withdrawal considerations—and assess how often individuals may revisit retirement plans based on lifestyle or market changes. • Track the ongoing conversation around backdoor Roth IRA strategies and compare the broader points often considered in the Roth vs. Traditional IRA evaluation, from FIRE approaches to traditional retirement timelines. • Observe how artificial intelligence is reshaping labor market trends and identify emerging fields—technology, agriculture, home services, estate planning—affected by demographic shifts and innovation. • Examine the considerations related to managing one-time payments such as settlements or back pay, including the potential impact of timing on taxable income. • Enjoy a light segment on popular apple varieties as an illustration of everyday value-focused consumer choices. • Clarify how to think about retirement readiness by evaluating predictable income sources alongside your total savings picture. This episode provides grounded, educational context without predictions or guarantees. Listen and subscribe to the Money Matters Podcast to stay informed and connected to today's most relevant conversations in personal finance and retirement planning.

What do Thanksgiving-flavored Oreos have in common with mutual funds? Sometimes, what looks exciting on the shelf doesn’t deliver in reality. In this episode, Ryan Herbert dives into the world of target date mutual funds and exploring why these “set it and forget it” investments may not be as safe as they seem, especially as retirement approaches. Learn how marketing hype can mask hidden risks and fees, and discover a smarter approach to retirement planning that’s tailored to your goals, not just your age. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights:

Stop letting your birthday decide your bond mix.That “age in bonds” rule feels safe, but it can quietly rob you of growth, freedom, and spending power.In this episode, Ari challenges the traditional 60/40 rule and shows how to build a smarter allocation based on your actual life, not your birth year. Using a real client story—a couple with $2 million in a 401(k), $85K in rental income, and $50K in part-time work—we explore how to balance risk, income, and long-term security without falling into the target-date trap.You'll hear:Why age-based rules and target-date funds often miss the markHow to define risk as losing purchasing power, not watching prices moveWhen higher equity can safely support early retirement dreamsHow to use part-time work, rental income, and Social Security to reduce bond dependenceTurning volatility into an advantage with Roth conversions and tax-smart rebalancingThe “five-year war chest” method for withdrawals without panic sellingIt's not about chasing returns, it's about funding freedom. Learn how to design your portfolio around the life you want, not the rule someone made decades ago.If this conversation helped you rethink your allocation, follow the show, share it with a friend, and leave a quick review.Ready to build a plan that aligns your investments, taxes, and cash flow? Visit https://www.rootfinancial.com/start-here/ to start your custom plan today.-Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation.The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal.Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate, and should not be considered testimonials or endorsementsParticipation in the Retirement Planning Academy or Early Retirement Academy does not create an advisory relationship with Root Financial. These programs are educational in nature and are not a substitute for personalized financial advice. Advisory services are offered only under a written agreement with Root Financial.Create Your Custom Early Retirement Strategy HereGet access to the same software I use for my clients and join the Early Retirement Academy hereAri Taublieb, CFP ®, MBA is the Chief Growth Officer of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

What if your retirement plan is quietly putting your nest egg at risk? In this episode, Frank and Frankie Guida break down why popular 401k strategies like target date funds and the classic 60-40 rule may leave you exposed to market downturns. Discover overlooked options for reducing risk, boosting returns, and making smarter choices as you approach retirement. Real stories and practical analysis reveal how a risk and return review can help you avoid costly surprises and take control of your financial future. Schedule a complimentary appointment: A Better Way Financial CLICK HERE to register for one of our upcoming Tax-Smart Retirement Planning Dinner Workshops. Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.” Follow us on social media: Facebook | LinkedIn | YouTube See omnystudio.com/listener for privacy information.

What if the next big shift in your 401k isn’t on your radar? Mike Douglas breaks down five proposed changes that could reshape how you save for retirement—from caregiver credits and automated annuities to new rules on withdrawals and expanded plan access. Explore the pros, cons, and real-life implications of these ideas, plus practical tips for reviewing your own 401k strategy. Get informed about what’s happening behind the scenes in retirement planning. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

This episode of the NGPF Speaker Series features personal finance educator Paul Merriman in conversation with Tim Ranzetta, delivering insights especially relevant to teachers. Paul shares practical, research-backed advice on helping students and young investors understand investing basics, with a spotlight on target date funds, index fund fees, and the behavioral pitfalls that commonly trip up new investors. Teachers will gain actionable strategies to help their students avoid common mistakes, appreciate the long-term value of low costs, and make investing approachable through concepts like dollar-cost averaging, diversification, and automated investing. The episode equips educators with memorable analogies, evidence-based recommendations, and free resources that can be used directly in the classroom to promote lifelong financial well-being.

Target-date funds just passed $4 trillion in assets. They're now the default investment in many 401(k)s, and millions of Americans are using them without really understanding how they work. So, are they a smart choice… or just the easiest one? Let's look closer at the rising popularity of target-date funds and explain what you really need to know if your 401(k) is riding on one. These "set it and forget it" options offer built-in diversification and automatic rebalancing, but they're not a one-size-fits-all solution. You'll learn how target-date funds work, why they became the default choice after the 2008 financial crisis, and what they do (and don't) protect you from as you near retirement. The guys also break down common misconceptions, why these funds never go 100% conservative, and when it might make sense to switch strategies. Here's some of what we discuss in this episode:

As long as you make under $1 million. Plus tax bracket changes, the popularity of target date funds in 401(k)s, harvesting reward card bonuses, and the right to salary info for your peers. Plus plus what's your number?

Retirement confidence is under pressure. While younger generations are entering the workforce with optimism, the latest Read on Retirement report reveals troubling gaps between savers, plan sponsors, and retirees. Only 38% of employers believe their employees are on track, and confidence among retirees has dropped to historic lows.In this episode of The Bid, host Oscar Pulido speaks with Jamie Magyera, Head of BlackRock's U.S. Wealth Advisory and Retirement Business, about the findings from a decade of retirement data. Together, they explore what's driving the confidence gap and the bold actions needed to close it.Jamie highlights three calls to action for the retirement industry: expand access to professional management, deliver guaranteed income solutions, and broaden portfolios to include private markets. She also underscores the need for education and re-enrollment so savers fully benefit from these innovations. With retirement confidence at a crossroads, this episode offers both a reality check and a roadmap for plan sponsors, policymakers, and individuals alike.Sources: BlackRock's Read on Retirement Survey, September 2025Key insights include:· Why retirement savers' confidence often outpaces employers' assessment, and what this paradox reveals.· How target date funds and auto-enrollment are making retirement saving easier and more effective.· Why guaranteed income solutions are increasingly vital to ensure retirees don't outlive their savings.· The growing importance of private markets in delivering long-term returns and diversification alongside public markets.· Differences across generations and genders in retirement confidence — and how advice and professional management can help bridge gaps.· How market volatility, student debt, and competing financial priorities continue to challenge long-term savers.Timestamps:00:00 Retirement Confidence at a Crossroads01:59 Key Findings and Confidence Gaps in the latest Read on Retirement Report04:40 Calls to Action for Retirement Preparedness08:39 Generational Differences in Retirement Planning10:35 Gender Gaps in Retirement Confidence12:12 Challenges and Future of Retirement Planning16:50 Personal Reflections and Advice18:36 Conclusion and Final ThoughtsCheck out episode 225 on retirement planning where we discuss what new legislation could mean for your retirement account: https://open.spotify.com/episode/4mH8LyNQFsYSV0bxEH1NGU?si=ed429467800b4617Check out this playlist on investing for retirement here: https://open.spotify.com/playlist/08Fx1iZaBwLclqpswIbjUq

On this episode: Is the fear of running out of money a farce? How much could advisor and investment fees cost you over your retirement? What are we talking about in our year end meetings? Subscribe or follow so you never miss an episode! Learn more at GoldenReserve.com or follow on social: Facebook, LinkedIn and YouTube.See omnystudio.com/listener for privacy information.

Target date funds are convenient, popular, and designed to do the hard work for you. But does that mean a target date fund is the best choice for your financial future?

On this episode: Has retirement planning become like “the new math”? Inheritance: When you look at your kid and say, “there’s no free lunch.” When all the retirement numbers look good, what are you missing? Be aware of what they might slip into your 401(k) Target Date Fund. Subscribe or follow so you never miss an episode! Learn more at GoldenReserve.com or follow on social: Facebook, LinkedIn and YouTube.See omnystudio.com/listener for privacy information.

Andy and Justin Pritchard from Approach Financial share their thoughts on a handful of current events and "hot topics" relating to retirement planning. Specifically, they talk about: The pros and cons of target date funds ( 11:05 )Their thoughts on the recent presidential executive order allowing private and illiquid investments to be offered inside 401(k) plans ( 23:26 )Can you make up for insufficient retirement savings by investing more aggressively ( 31:51 )Understanding your advisor's succession plan and how to try to make the succession transition successful for you ( 39:35 )Things to consider when firing an advisor or changing advisors ( 46:39 )Whether people should consider getting a living/revocable trust ( 56:22 )Things to consider if you're looking to hold cash in banks in currencies other than US Dollars ( 59:53 )Links in this episode:Justin's firm - Approach FinancialJustin's YouTube channel - Justin Pritchard, CFP® on RetirementTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comMy company newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com

In this episode, we're joined by David C. Brown, Associate Professor of Finance at the University of Arizona, for a deep dive into the mechanics, performance, and pitfalls of target date funds (TDFs)—the most common investment vehicle in U.S. retirement accounts. David has spent years researching glide paths, benchmarking methods, and industry practices to uncover whether these “set it and forget it” funds actually serve investors well. We unpack why benchmarking TDFs is so difficult, what really drives their underperformance, and how tactical deviations from strategic glide paths often harm investors. David explains how fees, active management, and fund structure combine to create persistent drag—and why dispersion across TDF providers is shockingly wide. We also discuss behavioral challenges, the influence of glide path design, and whether innovations like “indexing the indexers” could improve outcomes. David also shares insights on his side project, the Microsoft Excel Collegiate Challenge, where students compete in gamified problem-solving competitions (yes, Excel on ESPN!), and reflects on his own definition of success. This conversation sheds light on a massively important—but often misunderstood—corner of the retirement landscape, giving investors and plan sponsors practical tools to demand better.   Key Points From This Episode: (0:05:20) What a Qualified Default Investment Alternative (QDIA) is and why TDFs became the default in 2006. (0:05:50) How target date funds work as “one-stop shops” for retirement savings. (0:07:12) The glide path concept: why equity allocations decrease with age. (0:08:04) Why comparing TDFs is hard—fund families design glide paths differently. (0:10:37) David's benchmarking approach: replicating TDFs with index funds. (0:15:13) The performance gap: ~1% annual underperformance versus replicating benchmarks. (0:15:50) Main culprits: higher fees (~55 bps) and poor active management (~45 bps). (0:18:20) Good news: costs have declined—but dispersion across providers remains massive. (0:20:09) Evidence of wild return differences: up to 23% in a single month across vintages. (0:21:32) Why plan sponsors and investors aren't reacting to poor performance. (0:25:33) The debate over optimal glide paths—and why the jury is still out. (0:29:15) Tactical deviations: managers shifting allocations beyond the strategic design. (0:33:06) These tactical moves hurt performance (~10 bps on average). (0:35:49) Evidence of return chasing in TDF management. (0:39:07) Big picture: TDFs are a huge improvement over money market defaults, but dispersion and inefficiency remain. (0:42:48) David's views on Scott Cederberg's 100% equity lifecycle portfolio research. (0:45:22) Behavioral challenges: why defaults and illiquidity may help investors stay the course. (0:50:57) The Microsoft Excel Collegiate Challenge—Excel as an esport. (0:52:50) How David defines success: balance, impact, and growth. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemind Rational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/   Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

Learn when a refi saves money and how target-date funds work, including fees and when to pick a later fund year. What exactly is a target-date fund, and when should you move your date? How do you know if now is a good time to refinance a house? Hosts Sean Pyles and Elizabeth Ayoola discuss mortgage refinancing and target-date funds to help you understand how to quantify savings on a refi and how to set (and adjust) an age-appropriate retirement glide path. To kick off the episode, NerdWallet senior news writer Anna Helhoski joins with mortgages and student loans writer Kate Wood and mortgage reporter Holden Lewis to break down why refis are spiking even without fresh Federal Reserve cuts, who's most likely to benefit right now, and how markets (not just the Fed) drive daily mortgage rate moves. They begin with a discussion of rate-and-term vs. cash-out refinancing, with tips and tricks on calculating your breakeven point, using the ~0.75 percentage-point rule-of-thumb for potential savings, and factoring in 2% to 6% closing costs and how long you'll stay put. Then, investing Nerd June Sham joins Sean and Elizabeth to discuss target-date funds. They discuss how glide paths work (to vs. through retirement), when to push your target year if you'll work longer, and how fees compare with index funds/ETFs, plus contribution frameworks (10% to 15% of income vs. the “80% replacement” rule) and why many hands-off investors value auto-rebalancing despite higher expense ratios. A listener case study (age 35, 2055 fund) highlights how to revisit your target date in the decade before retirement, how to read a fund's glide path, and why staying invested and consistent often matters more than chasing perfect timing. Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In this episode, the Nerds discuss: mortgage refinance, refinance calculator, mortgage rates today, breakeven point refinance, cash-out refinance, HELOC vs cash-out, refinance closing costs, when to refinance, refinance vs home equity loan, bond market and mortgage rates, Federal Reserve and mortgage rates, target-date fund, best target-date funds, target-date fund glide path, to vs through glide path, 401k target-date fund, change target-date fund year, 2055 target-date fund, target-date fund fees, expense ratio comparison, ETF vs mutual fund, index funds S&P 500, retirement contribution 10 to 15 percent, 80 percent income replacement rule, taxable brokerage vs 401k, annuity vs staying invested, debt consolidation with home equity, credit card APR vs mortgage rate, divorce refinance requirements, stay-or-sell breakeven analysis, and refinance eligibility 2025. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

They're marketed as convenient. But Target Date Funds can sometimes be too aggressive, too conservative, or simply too generic for your unique situation. In this episode, Tim Clairmont MSFS™, LACP™, Wealth Advisor, and Tyler Andrews CFP®, Wealth Advisor, break down the mechanics of Target Date Funds and offer perspective on how to evaluate whether they're truly working for you. The conversation covers the importance of understanding your fund's glide path, comparing how different providers structure their portfolios, and evaluating the potential risks of relying too heavily on automation. You'll also hear about alternative strategies that could provide more clarity, flexibility, and alignment with your goals.

They're marketed as convenient. But Target Date Funds can sometimes be too aggressive, too conservative, or simply too generic for your unique situation. In this episode, Tim Clairmont MSFS™, LACP™, Wealth Advisor, and Tyler Andrews CFP®, Wealth Advisor, break down the mechanics of Target Date Funds and offer perspective on how to evaluate whether they're truly working for you. The conversation covers the importance of understanding your fund's glide path, comparing how different providers structure their portfolios, and evaluating the potential risks of relying too heavily on automation. You'll also hear about alternative strategies that could provide more clarity, flexibility, and alignment with your goals.

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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3252: Wanderer breaks down why Target Date Funds may not be the smart, set-it-and-forget-it solution they're marketed as. Hidden fees, unnecessary complexity, and poor cost-to-value ratios make them easy to beat with a DIY ETF strategy, saving you money and boosting returns with just a little more effort. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/target-date-funds/ Quotes to ponder: "You're employing a team of dozens of people to do a job that a spreadsheet can do." "I have another name for Convenience Shoppers: Incredibly Stupid and Lazy People." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3252: Wanderer breaks down why Target Date Funds may not be the smart, set-it-and-forget-it solution they're marketed as. Hidden fees, unnecessary complexity, and poor cost-to-value ratios make them easy to beat with a DIY ETF strategy, saving you money and boosting returns with just a little more effort. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/target-date-funds/ Quotes to ponder: "You're employing a team of dozens of people to do a job that a spreadsheet can do." "I have another name for Convenience Shoppers: Incredibly Stupid and Lazy People." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirement planning isn't just about investments and Social Security; it's also about how you budget and prepare for the expenses you know are coming. In this episode, I break down two essential but often misunderstood tools: sinking funds and target date funds. First, I explore how sinking funds, popularized by the likes of Dave Ramsey, can help retirees avoid high-interest debt and budget for large, irregular expenses like vacations, home improvements, or even a future wedding. I share personal examples and stories from my clients to show how setting aside money intentionally can be a game-changer, especially in retirement. Then I shift gears to target date funds. They're in nearly every 401(k), but are they really the best option for you? I will explain what's “under the hood” of these cookie-cutter investment options, their pros and cons, and why one-size-fits-all may not fit your goals or risk tolerance.  I challenge you to go beyond age-based investing and build a portfolio that reflects your unique vision for retirement. Whether you're still saving or already retired, this episode offers clear insights to help you plan smarter and spend more intentionally. You will want to hear this episode if you are interested in... (00:00) Intro (00:45) Why I love sinking funds, and how to use them. (04:43) Budgeting for cars, vacations, weddings, and home repairs. (10:08) The big mistake retirees make when taking lump sums. (13:42) Breaking your retirement expenses into categories. (17:09) Target date funds: what they are and how they work. (20:32) Why not all target date funds are created equal. (24:41) The real disadvantages of cookie-cutter portfolios. (27:38) Why your retirement plan should reflect your personal vision. Resources & People Mentioned BEST Retirement Withdrawal Strategy | Maximize Your Retirement Income 3 Steps to Retirement Planning Connect With Gregg Gonzalez Email at: Gregg.gonzalez@lpl.com Podcast: https://RetireStrongFA.com/Podcast Website: https://RetireStrongFA.com/ Follow Gregg on LinkedIn Follow Gregg on Facebook Follow Gregg on YouTube   Subscribe to Retirement Made Easy On Apple Podcasts, Spotify, Google Podcasts

In this episode, Paul Merriman shares insights into upcoming events, including his presentation at the Garrett Planning Network Retreat, as well as his reflections on asset allocation, government bond strategies, and the benefits of various portfolios for different life stages. Tune in for a deep dive into how different funds and asset classes perform over the long term, and how to optimize your investment strategy, regardless of age or risk tolerance.Key Topics Covered:1. Long-Term Returns ComparisonPaul compares two small-cap value funds: the Vanguard Small Cap Value Fund (VSIAX) and the DFA Small Cap Value Fund (DFFVX). To find long-term returns for these funds, Paul uses Morningstar's chart function, which allows users to view the maximum (MAX) historical data for any given fund, helping to compare the performance of these funds since their inception 2. Best Asset Allocation for RetireesThe best asset allocation for retirees typically depends on individual factors, such as risk tolerance and life expectancy. Generally, Paul suggests a moderate equity allocation of 40-60% in stocks, with the rest in fixed income, for retirees who have enough saved up to comfortably fund their retirement .3. Asset Allocation for an 83-Year-Old RetireeFor an 83-year-old retiree, Paul discusses a more conservative portfolio with two-thirds in bonds and one-third in equities. This conservative approach, which mirrors the allocation in Vanguard's target-date funds, aligns well with retirees who are less reliant on aggressive growth but still need some equity exposure to combat inflation .4. Why Use Three Government Bond Funds?Paul advocates for a diversified bond strategy that includes TIPS (Treasury Inflation-Protected Securities), short-term government bonds, and intermediate-term government bonds. This combination offers a balance of safety, growth potential, and reduced volatility compared to using just one bond fund, and provides a more stable return over time.5. How the Worldwide 4 Fund Portfolio WorksThe Worldwide 4 Fund Portfolio is structured with 25% in large-cap blend (U.S), 25% in large-cap value (INTL), 25% in small-cap blend (INTL), and 25% in small-cap value (U.S.), giving you a diversified mix of U.S. and international equities. This approach optimizes for both size and value, ensuring a balanced exposure to market growth, volatility, and global investment opportunities.6. Should a 26-Year-Old Use the 2 Funds for Life Portfolio Yes, a 26-year-old could benefit from the 2 Funds for Life Portfolio, which typically includes the A TARGET DATE FUND and a small-cap value fund. This strategy allows young investors to focus on equity growth, benefiting from the long-term appreciation potential of small-cap value stocks while minimizing risks associated with bonds at an early stage7. Managing the 2 Funds for Life Portfolio with S&P 500 & Small-Cap Value For someone using only the S&P 500 and small-cap value fund, Paul suggests a flexible allocation approach. You might start with a 50/50 split, or adjust according to your risk tolerance. The small-cap value fund tends to be more volatile but offers higher returns over time, while the S&P 500 provides more stability with lower volatility .8. Can There Be a 3 Funds for Life Portfolio?Yes, a 3 Funds for Life portfolio could include the S&P 500, large-cap value, and small-cap value. Paul suggests mixing these three equity asset classes to achieve a balanced portfolio that offers growth potential without overexposing yourself to risk.⁠Resources:1928-2024 Quilt Chart (K1a)⁠⁠Sound Investing Table (H2a)⁠Chris Pedersen's 2 Funds for Life Table: For more detailed insights, visit ⁠Chris Pedersen's 2 Funds for Life table⁠.

Target-date funds just passed $4 trillion in assets. They're now the default investment in many 401(k)s, and millions of Americans are using them without really understanding how they work. So, are they a smart choice… or just the easiest one? These funds promise convenience and automatic adjustments, but with so much riding on a one-size-fits-all solution, it's worth asking—are they really helping you, or just keeping you on autopilot? In this episode, Ryan explains how target-date funds work, why they've become so popular, and the hidden pitfalls that many investors miss. Here's what we discuss in this episode:

David McKnight looks at Target Date Funds (TDFs) and why their set-it-and-forget-it approach to investing is NOT something you should rely on. David kicks things off by explaining how TDFs work, including why they tend to be a popular option for novice investors. While it sounds like an excellent approach, David points out two major flaws. “A lot of the problems with TDFs come down to sustainable withdrawal rates in retirement,” says David. The 4% Rule consists of you being able to withdraw 4% of your day one balance in retirement, adjusted every year thereafter for inflation. Unfortunately, a TDF is fundamentally incompatible with the 4% Rule. Since the 4% Rule is the most expensive way to ensure that you don't run out of money in retirement, David suggests doing something else.  He recommends figuring out what your retirement shortfall is and then buying a Guaranteed Lifetime Income Annuity to help bridge your income gap.  While being on a glide path or relying on a set-it-and-forget-it approach may sound like a good idea, it actually isn't conducive to evaluating the strategies that will help you reap the most efficiency from your retirement savings.     Mentioned in this episode: David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com

Ever wondered if you're better off building your own target date fund instead of relying on a one-size-fits-all option? We're diving into whether crafting your own investment mix is worth the effort, potentially saving you fees and giving you more control over your portfolio.But even the pros get it wrong sometimes—just ask Vanguard. We're covering the major settlement they're facing over misleading statements about taxes and target date funds, proving that even the big guys make costly mistakes.Meanwhile, a listener asks a great question about balancing tax optimization with financial flexibility—because what good is a perfectly tax-efficient plan if it ties your hands when you need cash? Plus, Doug takes us back to the origins of the gasoline-driven automobile, and there's even an unexpected run-in with a Supreme Court justice (because why not?).And of course, we've got a TikTok moment that'll have you questioning life choices and a few financial misconceptions that might just make you rethink your approach to money.What's Inside Today's Episode: Vanguard's Costly Mistake: The settlement every investor should know about. Understanding Mutual Fund Taxes: How taxes sneak up on your investments. DIY Target Date Funds: Pros, cons, and when to consider building your own. Trivia Time with Doug: The surprising story behind the gasoline-driven car. The TikTok Minute: Financial advice that may (or may not) be worth your time. Financial Flexibility vs. Tax Optimization: Finding the balance in your strategy. Community Announcements & Meetups: Where to find us next. Episode Highlights: Vanguard's Legal Trouble: What happened, and what it means for investors. Mutual Fund Taxation: Avoiding unexpected tax bills. Should You Build Your Own Target Date Fund? We break down the numbers. Listener Q&A: How to stay tax-efficient while keeping access to your cash. Doug's Trivia: Who REALLY built the first gasoline-powered car? An Unexpected Supreme Court Encounter: Because that's just how things go around here. Resources Mentioned in This Episode: Learn more about Vanguard's target date fund settlement in our show notes: https://www.stackingbenjamins.com/vanguard-target-retirement-trouble-1637 Read up on mutual fund tax strategies and more by signing up for our 201 newsletter! https://stackingbenjamins.com/201 Tune in now and get the insights you need to build a smarter investment strategy—without falling into costly traps. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ever wondered if you're better off building your own target date fund instead of relying on a one-size-fits-all option? We're diving into whether crafting your own investment mix is worth the effort, potentially saving you fees and giving you more control over your portfolio. But even the pros get it wrong sometimes—just ask Vanguard. We're covering the major settlement they're facing over misleading statements about taxes and target date funds, proving that even the big guys make costly mistakes. Meanwhile, a listener asks a great question about balancing tax optimization with financial flexibility—because what good is a perfectly tax-efficient plan if it ties your hands when you need cash? Plus, Doug takes us back to the origins of the gasoline-driven automobile, and there's even an unexpected run-in with a Supreme Court justice (because why not?). And of course, we've got a TikTok moment that'll have you questioning life choices and a few financial misconceptions that might just make you rethink your approach to money. What's Inside Today's Episode: Vanguard's Costly Mistake: The settlement every investor should know about. Understanding Mutual Fund Taxes: How taxes sneak up on your investments. DIY Target Date Funds: Pros, cons, and when to consider building your own. Trivia Time with Doug: The surprising story behind the gasoline-driven car. The TikTok Minute: Financial advice that may (or may not) be worth your time. Financial Flexibility vs. Tax Optimization: Finding the balance in your strategy. Community Announcements & Meetups: Where to find us next. Episode Highlights: Vanguard's Legal Trouble: What happened, and what it means for investors. Mutual Fund Taxation: Avoiding unexpected tax bills. Should You Build Your Own Target Date Fund? We break down the numbers. Listener Q&A: How to stay tax-efficient while keeping access to your cash. Doug's Trivia: Who REALLY built the first gasoline-powered car? An Unexpected Supreme Court Encounter: Because that's just how things go around here. Resources Mentioned in This Episode: Learn more about Vanguard's target date fund settlement in our show notes: https://www.stackingbenjamins.com/vanguard-target-retirement-trouble-1637 Read up on mutual fund tax strategies and more by signing up for our 201 newsletter! https://stackingbenjamins.com/201 Tune in now and get the insights you need to build a smarter investment strategy—without falling into costly traps. Learn more about your ad choices. Visit podcastchoices.com/adchoices