Most retirement plan sponsors use target date funds as their plans' defaults. While target date funds are designed with a level of de-risking over time, the simplicity is put to the test during trying times as relatively high equity allocations erode balances. The personalized approach offered by managed accounts can help individuals from being blindsided by these events. Since managed accounts consider individual circumstances, the market experience is tailored for each person's situation and diligent savers can realize the savings efforts they made throughout their careers with a smoother path to sufficient retirement income.

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