Designing Successful Target-Date Strategies for Defined Contribution Plans: Putting Participants on the Optimal Glide Path (Wiley Finance)


Product Description
The ultimate guidebook for navigating the new world of pensions and retirement plansIn the wake of the explosive growth of defined contribution (DC) plans invested with target date strategies, and the understanding of how important these strategies can be in effectively meeting retirement income goals, plan sponsors are seeking more optimal target date approaches. This timely book provides you with in-depth answers from the nation's most qualified and experienced experts to pressing questions about DC plan design.
- Presents the views of individuals from all across the market
- Includes a broad range of plan sponsors both in the corporate world and in the public/government sectors
- Offers views from consultants and advisors from the most respected firms, academics who teach at leading universities, and other innovative leaders
With a broad range of knowledge and insight, Designing Successful Target Date Strategies in Defined Contribution Plans helps you understand the evolution of DC plans, pulls together all angles of what it takes to develop custom target date strategies, and provides you with a look ahead to the future.
Designing Successful Target-Date Strategies for Defined Contribution Plans: Putting Participants on the Optimal Glide Path (Wiley Finance) Review
A truly insightful book on Defined Contribution Plans and Lifepaths for the American retirement system. The author discusses in detail the various topics and challenges of this type of Qualified Default Investment Alternative, such as Packaged vs. Custom Target-Date Strategies, Glide Path Design, Asset Classes and Alternatives, Protecting DC Assets, Benchmarking, and Retirement Income and Guarantees.It talks about human behavioral sciences, from how participants save, invest, and react under crises to what we can and should do to make the most out of our retirement savings. It also explains in depth other types of risks inherited in Defined Contribution, e.g. inflation, longevity, taxation, emotional, market volatility, and shortfall risks.
But the real value of this book is in the SOLUTIONS and ROAD MAPS it offers to those who seek to build the best-in-class investment vehicle for their Defined Contribution Plans. Therefore, this book is a great resource for Plan Sponsors, Consultants, Financial Planners, Investment Managers, Service Providers, and Policy Makers. Participants, whether they've just started their retirement account or have been saving for several years, can also benefit from reading this book. The knowledge acquired would not only help them safeguard their retirement nests but also make their savings work harder and more consistently for them throughout their retirement years.
Mai Vuong Nguyen
Northrop Grumman Corporation
Investments & Trust Administration
Manager, Investment Analysis
Defined Contributions, Operations
This is my personal review. It is not endorsed by Northrop Grumman Corporation.
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