"Lifecycle funds" are a type of investment fund that automatically adjusts its holdings over time to match the appropriate level of risk as an investor gets closer to a specific goal, like retirement. Full definition
Also known as lifecycle funds, target - date mutual funds are designed for the investor who wants a «set it and forget it» retirement investing option. (gobankingrates.com)
The managers of lifecycle funds are responsible to adjust the fund's asset allocation as the fund moves close to the target date. (thesunsfinancialdiary.com)
If your employer offers only a few funds, but they are low - cost, well - balanced lifecycle funds, this can be a good choice. (traditionalira.com)