Overview
Target retirement date funds, which are also called target date or lifecycle funds, are one of the most important innovations in retirement savings. These funds provide a convenient way for a retirement plan participant to purchase a mix of asset classes, professionally designed and managed, that is rebalanced and becomes more conservative as the participant ages. As of June 30, 2021, approximately $1.8 trillion was invested in target date mutual funds.
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Additional Resources
- SEC Reopens Comment Period for Its Target Date Funds Proposal (Apr 3, 2014)
- Investor Advisory Committee’s Target Date Funds Recommendation (Apr 11, 2013)
- SEC Proposal for Target Date Fund Names and Marketing Materials (Jun 16, 2010)
- Hearing on Target Date Funds, U.S. Senate Special Committee on Aging (Oct 28, 2009)
- Comments Submitted to SEC for Joint DOL/SEC Hearing on Target Date Funds (Jun 18, 2009)