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Age-Based Funds and Target Retirement Funds
 

Age-Based Funds and Target Retirement Funds

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Age-based funds are marketed by big companies such as T. Rowe Price, Vanguard, and Fidelity as a fund that you can invest in and forget about until you need it. However there are some things you ...

Age-based funds are marketed by big companies such as T. Rowe Price, Vanguard, and Fidelity as a fund that you can invest in and forget about until you need it. However there are some things you absolutely need to know before getting involved in one.

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    Age-Based Funds and Target Retirement Funds Age-Based Funds and Target Retirement Funds Presentation Transcript

    • Mullooly Asset Management Podcast February 6, 2013Mullooly Asset Management February 2013
    • When You Retire…Do you want to get swung around by the stock market?Where will interest rates be? Mullooly Asset Management February 2013
    • When Your Child is Ready for College…Should that 529 account be…All in stocks?All in short-term bonds? Mullooly Asset Management February 2013
    • From T Rowe Price website:Investment objective – provide highest total return with emphasis on capital growth/incomeStrategy – To invest in a diversified portfolio …that represent various asset classes and sectors. As the fund nears its target retirement date, its allocation … will become more conservative over time based on a pre- determined “glide path”. Mullooly Asset Management February 2013
    • TRRDX T Rowe Price 2040 FundCurrently: -90% in stocks -7% in bonds -3% cashOf 90% in stocks: -74% large caps -21% mid caps -5% small caps Mullooly Asset Management February 2013
    • With all Target Date(or Age-Based) Funds:What stocks do they own?A “basket” of other mutual funds (a “fund of funds”) Mullooly Asset Management February 2013
    • TRRAX: T Rowe Price 2010 FundIn the 2010 Fund: -51% in stocks -42% in bonds -5% in cashFrom the T Rowe Price website:“You should choose the Retirement Fund with the target date closest to the year you reach age 65.” Mullooly Asset Management February 2013
    • None of the securities mentioned in this (or any)podcast or video represent past specificrecommendations of Mullooly Asset Management.This video is NOT a recommendation to buy or sell anyof the securities mentioned here.If you’re relying on a podcast for investment advice, youare likely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buyor sell any investment. Mullooly Asset Management February 2013
    • Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management February 2013
    • Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management February 2013