RT Journal Article SR Electronic T1 The Glidepath Illusion… and Potential Solutions JF The Journal of Retirement FD Institutional Investor Journals SP 13 OP 28 DO 10.3905/jor.2013.1.2.013 VO 1 IS 2 A1 Robert D. Arnott A1 Katrina F. Sherrerd A1 Lillian Wu YR 2013 UL https://pm-research.com/content/1/2/13.abstract AB Target-date investment strategies purport to meet the two primary objectives of any retirement savings program: maximizing the real value of investors’ nest eggs while minimizing uncertainty around prospective income in retirement. The authors demonstrate that the classic glidepath approach to retirement investing—moving from equity-centric to bond-centric investing as we age—does not meet these objectives.The authors summarize the flaws in traditional glidepath implementation and explore illustrative changes to the rules-based, mechanistic solution for retirement planning that can improve the expected outcome for investors, using simulations to test alternatives. Their findings show that, even with simple rules-based approaches, there are better ways to achieve our financial objectives for retirement.TOPICS: Risk management, retirement, wealth management