Retirement Planning Education, with Andy Panko #169 - "Hot topics" edition...Andy and Justin Pritchard talk about target date funds, illiquid assets in 401(k) plans, firing an advisor and MORE!
Sep 11, 2025
Justin Pritchard, a financial planner from Approach Financial, joins Andy to explore hot topics in retirement planning. They dive into the pros and cons of target date funds and discuss a recent executive order allowing illiquid assets in 401(k) plans. The conversation also touches on strategies for making up for insufficient retirement savings and elements to consider when firing an advisor. Additionally, they discuss the importance of understanding an advisor's succession plan and examine the implications of holding cash in currencies outside the US.
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One-Stop Diversified Solution
- Target date funds give a one-stop diversified solution and automatically reduce risk as you age.
- They suit participants who want a hands-off approach and avoid portfolio construction choices.
Verify Fees And Glidepath
- Check fees and the fund's actual asset mix before using a target date fund.
- Confirm the glidepath and stock/bond mix match your risk tolerance and retirement needs.
Glidepaths Keep Significant Equity
- Target date funds often maintain a material equity allocation even after retirement.
- That terminal equity exposure may not suit someone who needs lower volatility in retirement.