What is a Target Retirement Date option?
Each Target Retirement Date Option has a specific “target date” (e.g., 2035, 2045, 2055) and invests in a mix of stocks and bond funds based on how far away it is from its target date. Certain funds have been created to drive growth for younger investors who can take more risk and become more conservative over time to help investors preserve savings as the funds near their target dates. Target Retirement Date Options are available for savers of all ages, and are usually selected by picking the fund that is closest to the year in which the investor would turn 65. Colorado SecureSavings offers a range of Target Retirement Date Options.