Lifestyle Fund


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Lifestyle Fund

A portfolio strategy that targets persons according to age group. That is, a lifestyle fund may invest in low risk, low return securities if the prospective investor is approaching retirement and simply wants a steady income. On the other hand, a lifestyle fund may invest in precisely the opposite securities if the potential holder is young and looking to make a good deal very quickly. A lifestyle fund has the advantage of a great deal of flexibility depending on the investment goals of most persons in each age group.
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These target date and lifestyle funds embody our management approach, while the RetireSMART name serves as the overarching brand, both of which support MassMutual's dual focus on retirement plan health and solidly preparing plan participants for retirement," says Mike Eldredge, vice president, Investment Management, MassMutual's Retirement Services Division.
The company's new lifestyle funds - Wilmington Conservative Asset Allocation Fund, Wilmington Moderate Asset Allocation Fund, and Wilmington Aggressive Asset Allocation Fund - are funds of funds.
The AARP-endorsed lifestyle funds are built on five key principles - low fees, diversification, indexing, rebalancing and simplification - and carry a low minimum investment of $100.
8 billion in assets(1), lifestyle funds appear increasingly popular as the investment vehicle of choice for variable annuities, variable life insurance, and retirement plans.
It describes the TargetAge(TM) glide path and portfolios and compares the features of TargetAge(TM) to target date and other lifestyle funds.
Time-Based Lifestyle Funds, Roth 401(k) Plans Also Increasing as Retirement Challenges Continue
Lifestyle funds have become popular as a convenient but overly-simplistic means of providing investor guidance.
L allows participants who select it, to invest some or all of their 401(k) funds in one or more of four John Hancock Lifestyle Funds to create a benefit base.
Additionally, those respondents who noted they prefer to have someone manage their investments were also asked if they prefer lifestyle funds handled by a fund manager or professionally managed accounts through a financial advisor making investment decisions on their behalf.
The Floating Rate Income Fund will also be available to investors as an underlying fund in John Hancock's target date Lifecycle Funds and target risk Lifestyle Funds.
Lifestyle Funds Guidance--Enhanced information guides employees through a process that shows them how to use their 401(k) plan's lifestyle funds as a turnkey solution, and helps them pick the appropriate diversified premixed portfolio for their savings needs.
John Hancock is the #1 provider of asset allocation fund of funds in the variable annuities business and the #2 provider of lifestyle funds in the 401(k) business.