lifecycle funds

Lifecycle funds, also known as target-date funds, are investment options designed for people planning to retire around a specific year. They automatically adjust their mix of stocks, bonds, and other assets over time—becoming more conservative as the target date approaches—to reduce risk and help meet retirement goals. This all-in-one fund offers a simplified way to invest for retirement, removing the need to buy and manage individual investments actively. Essentially, it evolves its investment strategy to match your changing needs as you get closer to retiring, aiming for a smoother, more automated approach to long-term investing.