First few Article Sentences
Lifestyle funds are among the most often used and least understood investment options in use today. The appeal is easy to understand – pick a fund based upon when you wish to retire based upon your risk tolerance – and leave the rest to investment professionals.
In just the last few years, hundreds of these risk and date-based products have been launched. They promise the potential for consistent returns at an appropriate level of risk. The goal? Future income based upon accumulated values through growth and income. Some of the product names used (LifePath, Freedom Funds, TargetDate, LifePoints, etc.) can be confusing and frustrating for employers, employees and even some professionals.