Abstract: Systems, methods, and apparatuses for improved retirement income plans are provided. A method includes determining that a user is a participant in a retirement income Collective Investment Trust (CIT); retrieving an age of the user; determining that the age of the user is less than a first predefined age, and investing a portion of the retirement income CIT in a Target-Date Fund (TDF); transferring a predetermined amount of the TDF into an asset preservation fund when the age of the user is greater than or equal to the first predefined age and less than a second predefined age; and, based on the user's age being greater than or equal to the second predefined age, (i) purchasing a Qualified Longevity Annuity Contract (QLAC) with funds from the asset preservation fund, and (ii) transferring a current balance of the TDF into a draw down fund.