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Michael A. Milazzo, CLU, ChFC
Registered Principal
The Meridian Financial Company
3350 Club Villas Dr SE, Unit #1303
Southport, NC 28461
Phone: 631-979-4223
Fax: 910-854-0002
Email: meridian@ae.cadaretgrant.com
Website: www.merfinco.com
Target date mutual funds, also known as lifecycle funds, make investing easier. They’re also popular. According to the Investment Company Institute, target date fund assets grew to $1.1 trillion by the end of 2017, impressive for a mutual fund* type that was barely known two decades ago. Here’s a look at these funds’ pros and cons.
Among their typical features are automatic asset allocation that changes as your target date nears and automatic rebalancing to keep your portfolio mix of stocks, bonds and cash equivalents structured to address a future date. Its returns, however, are not guaranteed, so you should consider the fund’s asset allocation over its entire timeframe.
Ultimately, a target date fund may not be right, for example, for a near-retiree who is more aggressive than average or an extremely conservative young worker. Talk to an advisor to learn more.
*You should consider the fund’s investment objectives, charges, expenses and risks carefully before you invest. The fund’s prospectus, which can be obtained from your financial representative, contains this and other information about the fund. Read the prospectus carefully before you invest or send money. Shares, when redeemed, may be worth more or less than their original cost.
**Asset allocation won’t guarantee a profit or ensure against a loss, but may help reduce volatility in your portfolio.
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Securities and Advisory Services offered through Cadaret, Grant & Co, Inc, a Registered Investment Advisor and Member FINRA/SIPC. The Meridian Financial Company and Cadaret, Grant & Co., Inc. are separate entities. I am registered to sell Securities in the following States: NY, NJ, PA, NC, FL, ID.
The Meridian Financial Company and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
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