Building a Better Plan for Employees Nearing Retirement

This white paper discusses how adding a specialized plan tier can help support the unique needs of older workers.

A growing body of evidence shows that older workers are distinctly different than their younger peers. Unfortunately, retirement plans are often a one size fits all solution, treating the two groups as though they are the same.

Instead, employers and advisors may want to consider developing a retirement tier: a suite of tools, services and plan design modifications that help older workers position their finances wisely as they approach retirement. Part of this program may include shifting older employees out of target date funds and into another qualified default investment alternative (QDIA) that is tailored specifically to their needs.

This white paper, created in partnership with Empower Retirement, discusses the unique challenges faced by older workers, and how to create a retirement tier that meets their needs.

ACCESS THE WHITE PAPER


Important Legal Information

This material has been prepared for informational and educational purposes only and is not intended to provide investment, le gal or tax advice . Empower is a marketing name of Great West Life & Annuity Insurance Company.

The research, views and opinions contained in these materials are intended to be educational, may not be suitable for all investo rs and are not tax, legal, accounting or investment advice. Readers are advised to seek their own tax, legal, accounting and investment advice from competent professionals. Information contained herein is believed to be accurate at the time of publication; however, it may be impacted by changes in the tax, legal, regulatory or investing environment.

The Empower Institute is brought to you by Empower Retirement to critically examine investment theories, retirement strategie s and assumptions . It suggests theories and changes for achieving better outcomes for employers, institutions, financial advisors and individual investors.

Franklin Templeton is not affiliated with Empower Retirement

The charts, graphs and screen prints in this presentation are for ILLUSTRATIVE PURPOSES ONLY.

IMPORTANT LEGAL INFORMATION

This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.

The views expressed are those of the investment manager and the comments, opinions and analyses are rendered as at publication date and may change without notice. The information provided in this material is not intended as a complete analysis of every material fact regarding any country, region or market. All investments involve risks, including possible loss of principal.

Data from third party sources may have been used in the preparation of this material and Franklin Templeton ("FT") has not independently verified, validated or audited such data. FT accepts no liability whatsoever for any loss arising from use of this information and reliance upon the comments opinions and analyses in the material is at the sole discretion of the user. ​

Products, services and information may not be available in all jurisdictions and are offered outside the U.S. by other FT affiliates and/or their distributors as local laws and regulation permits. Please consult your own financial professional or Franklin Templeton institutional contact for further information on availability of products and services in your jurisdiction.​

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