We Are Wealthy

I have had problems logging into my account and the holiday season has been the cause of my not updating recently. In my return, I'd like to start a new segment titled: Mastering Mutual Funds. Here I will take a mutual fund type, and explain it as easily as I can. The mutual fund on topic today is a lifecycle mutual fund, or an age-based mutual fund. These funds are designed to grow your money for retirement based on when you want to retire and your current age. A lifecycle fund may start investing aggressively in a person's 20s and when they expect to retire in 40 or so years. The fund may put 80% of the money into stocks and 20% into bonds. As the person ages the fund will switch from being aggressive to more conservative, 20% in stocks and 80% in bonds, as retirement approaches. These are attractive mutual funds since it adjusts automatically based on the investors age. A lifecycle fund is great for someone who doesn't want to build their portfolio themselves, since this...