Dr. Wade Pfau is a Professor of Retirement Income with The American College of Financial Services. Pfau’s low-key, academic style belies his groundbreaking research in the area of retirement income, making him a leading voice in what can be complicated, yet critically important, issues for most Americans.

We asked him about common retirement income mistakes that can kill a portfolio, the pitfalls of raising the RMD age to 75, and what’s wrong with the 401(k), or at least what it can do better. Wade joins us right after these messages.

Sponsored by Capital Group, home of American Funds Target Date Retirement Series. If you think every target date fund can deliver the same long-term results, let’s retire that thinking.