{"id":402,"date":"2014-10-06T15:04:13","date_gmt":"2014-10-06T19:04:13","guid":{"rendered":"https:\/\/www.bu.edu\/hr\/?page_id=402"},"modified":"2022-11-30T09:35:59","modified_gmt":"2022-11-30T14:35:59","slug":"tier-1-target-date-funds","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/hr\/finances\/retirement-planning-resources-tools\/tier-1-target-date-funds\/","title":{"rendered":"Tier 1 &#8211; Target Date Funds"},"content":{"rendered":"<h6 style=\"background: white; margin: 0in 0in 18.75pt 0in;\"><strong>Investing Style: Diversified portfolio within a single fund that shifts its emphasis to more conservative investments as the year of retirement nears.<\/strong><b><span style=\"font-size: 12.0pt; line-height: 107%; font-family: 'Helvetica',sans-serif; color: #3385c8;\"><o:p><\/o:p><\/span><\/b><\/h6>\n<p>Target-date funds are designed for participants who prefer a single-fund solution that includes a mix of stocks, bonds, and short-term assets. Each of the funds creates a diversified portfolio within one fund, based on your expected retirement year (the \u201ctarget date\u201d of the fund) at age 65.<\/p>\n<p>These funds:<\/p>\n<ul>\n<li>Have built-in diversification\u2014by investing in major asset classes such as bonds, US stocks, international stocks, real estate, and commodities\u2014that endeavor to manage risk and performance over time.<\/li>\n<li>Are managed to become more conservative as the fund get closer to your retirement date, gradually shifting the fund\u2019s investments from higher-risk to lower-risk investments.<\/li>\n<li>Are managed by professionals, whose objectives are to manage your portfolio, with the goal of creating a mix of risk and return appropriate to each stage of your life.<\/li>\n<li>Are one of the lowest-fee target-date funds currently available.<\/li>\n<\/ul>\n<p>The target-date funds are offered in five-year increments. You invest in a fund according to your current age, as follows:<\/p>\n<table width=\"617\">\n<tbody>\n<tr>\n<td width=\"172\"><strong>If You Were Born\u2026<\/strong><\/td>\n<td width=\"178\"><strong>Your Estimated Retirement Date\u00a0(Assuming You Retire at Age 65)\u2026<\/strong><\/td>\n<td width=\"267\"><strong>Your Target-Date Fund Is\u2026\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">Before 1952<\/td>\n<td width=\"178\">Before 2007<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_Income_Fund.pdf\">Vanguard Target Retirement Income Fund\u00a0<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1953\u201312\/31\/1957<\/td>\n<td width=\"178\">2018\u20132022<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2020_Fund.pdf\">Vanguard Target Retirement 2020 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1958\u201312\/31\/1962<\/td>\n<td width=\"178\">2023\u20132027<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2025_Fund.pdf\">Vanguard Target Retirement 2025 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1963\u201312\/31\/1967<\/td>\n<td width=\"178\">2028\u20132032<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2030_Fund.pdf\">Vanguard Target Retirement 2030 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1968\u201312\/31\/1972<\/td>\n<td width=\"178\">2033\u20132037<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2035_Fund.pdf\">Vanguard Target Retirement 2035 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1973\u201312\/31\/1977<\/td>\n<td width=\"178\">2038\u20132042<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Ret_2040_Fund_Fact_Sheet.pdf\">Vanguard Target Retirement 2040 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1978\u201312\/31\/1982<\/td>\n<td width=\"178\">2043\u20132047<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2045_Fund.pdf\">Vanguard Target Retirement 2045 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1983\u201312\/31\/1987<\/td>\n<td width=\"178\">2048\u20132052<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2050_Fund.pdf\">Vanguard Target Retirement 2050 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1988\u201312\/31\/1992<\/td>\n<td width=\"178\">2053\u20132057<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2055_Fund.pdf\">Vanguard Target Retirement 2055 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1993\u201312\/31\/1997<\/td>\n<td width=\"178\">2058\u20132062<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2060_Fund.pdf\">Vanguard Target Retirement 2060 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">1\/1\/1998 \u2013 12\/31\/2022<\/td>\n<td width=\"178\">2063 -2067<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/Vanguard_Target_Retirement_2065_Fund.pdf\">Vanguard Target Retirement 2065 Fund<\/a><\/td>\n<\/tr>\n<tr>\n<td width=\"172\">2003 and later<\/td>\n<td width=\"178\">2068 or later<\/td>\n<td width=\"267\"><a href=\"https:\/\/www.bu.edu\/hr\/documents\/BU_IO_Vanguard_2070_112322.pdf\">Vanguard Target Retirement 2070<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Investing Style: Diversified portfolio within a single fund that shifts its emphasis to more conservative investments as the year of retirement nears. Target-date funds are designed for participants who prefer a single-fund solution that includes a mix of stocks, bonds, and short-term assets. Each of the funds creates a diversified portfolio within one fund, based [&hellip;]<\/p>\n","protected":false},"author":8774,"featured_media":0,"parent":400,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/402"}],"collection":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/users\/8774"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/comments?post=402"}],"version-history":[{"count":18,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/402\/revisions"}],"predecessor-version":[{"id":19080,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/402\/revisions\/19080"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/pages\/400"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/hr\/wp-json\/wp\/v2\/media?parent=402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}