Why caution is warranted when it comes to adding annuity features to TDFs and other qualified default investment alternatives.
Michael Palazzi, CFA, CFP®, is a senior DC investment strategist in Vanguard Defined Contribution Advisory Services. In his current role, Mr. Palazzi is responsible for assisting plan sponsors with analysis around plan lineup construction best practices and custom portfolio construction. Mr. Palazzi also has served as a product specialist across Vanguard's suite of multi-asset and taxable fixed income portfolios, where he supported the oversight and product management activities related to these funds. Mr. Palazzi earned a bachelor’s degree in finance and global business from Rider University. He is a member of the CFA Institute and CFA Society of Philadelphia.