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)
“A preschool child does not emerge from your toddler on a given date or birthday. He becomes a child when he ceases to be a wayward, confusing, unpredictable and often balky person-in-the- making, and becomes a comparatively cooperative, eager-and-easy-to-please real human being—at least 60 per cent of the time.”
—Penelope Leach (20th century)
“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)