When it comes to retirement investing, financial companies want to make it as easy as possible for you to invest. But even though investments like target-date retirement funds handle everything automatically, are they really your best retirement investment option?

In the following segment from their video guide to investment planning, Motley Fool director of investment planning Dan Caplinger talks with Fool markets and investment planning bureau chief Mike Klesta about the pros and cons of simple versus complex retirement-investing approaches.

Dan notes that target-date funds, which are available from providers including Fidelity, Vanguard, T. Rowe Price (NASDAQ:TROW), and many other companies, make retirement investing easy. But they don't offer the ability to customize your portfolio. For those who'd rather have more control, Dan suggests that individual stocks and specialized exchange-traded funds can let you tailor your investing approach to your own needs -- and depending on your temperament, that might be your best solution in retirement.

Dan Caplinger, Mike Klesta, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.