INNOVATIVE. WAY BACK WHEN. Is your TDF this out of date? The most important breakthroughs of the past can become obsolete with time. Take Target Date Funds. Revolutionary when fi rst released, many big TDFs are unable to adapt to today's markets and changing retirement landscape. Explore an upgrade at franklintempleton.com/LifeSmartTDF All investments involve risks, including possible loss of principal. Investors should carefully consider a fund's investment goals, risks, charges and expenses before investing. To obtain a Franklin Templeton fund summary prospectus and/or prospectus that contains this and other information, call 1-800-342-5236. Investors should read the prospectus carefully before investing. © 2019 Franklin Templeton Distributors, Inc. All rights reserved.http://www.planadviserdigital.com/planadviser/november_december_2019/TrackLink.action?pageName=C2&exitLink=http%3A%2F%2Ffranklintempleton.com%2FLifeSmartTDF