Target Date Fund
A target-date fund – also known as a lifecycle, dynamic-risk or age-based fund – is a collective investment scheme, usually a mutual fund, designed to provide a simple investment solution through a portfolio whose asset allocation mix becomes more conservative as the target date (usually retirement) approaches.
Read more about Target Date Fund: History, Design, Controversy, See Also
Famous quotes containing the words target, date and/or fund:
“But this we know, the obstacle that checked
And tripped the body, shot the spirit on
Further than target ever showed or shone.”
—Robert Frost (1874–1963)
“There is nothing that I shudder at more than the idea of a separation of the Union. Should such an event ever happen, which I fervently pray God to avert, from that date I view our liberty gone.”
—Andrew Jackson (1767–1845)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)