Sentences with phrase «stated target retirement date»
The glide path adjusts the underlying asset classes periodically to become more conservative as the stated target retirement date approaches.
https://www.planadviser.com/ Not exact matches
Since Mr. Gross stomped off, they've lost contracts — involving either the Total Return Fund or all of their services — with the state retirement systems in New Hampshire and Florida, the teachers» retirement system in Arkansas, Ford Motor's 401 (k), Advanced Series Trust, Massachusetts Mutual Life Insurance Co., Alabama's and California's 529 College Savings accounts, Russell Investments, British wealth manager St. James Place, Schwab's Target Date funds and a slug of city retirement plans.
It's important to note that the principal value of the fund will fluctuate and is not guaranteed at any time, including at the stated retirement target date for the fund.
Highlight the shifting allocation of the fund to a more conservative investment mix (shift towards fixed income investments) as the stated retirement target date of the fund approaches.