Retirement

New addition to target retirement funds

DATE | 08/01/22
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For those utilizing the Target Retirement Funds in their retirement account(s), we are adding a new age appropriate fund.

The Vanguard Target Retirement 2070 Fund will launch on August 8, 2022, joining the existing lineup of Vanguard Target Retirement funds at WEA Member Benefits. It will be an age appropriate investment option for anyone born on January 1, 2003, or later.

The fund will be mixture of the following: 54% U.S. Stock, 36% Foreign Stocks, 7% U.S. Fixed Income Securities (i.e., Bonds), and 3% Foreign Fixed Income Securities (i.e., Bonds). The initial allocation in the fund is considered to be an aggressive portfolio with an expense ratio of 0.08%.

The 2070 fund will begin with this allocation mix and, like all target retirement funds, slowly rebalance over time to become more conservative—transitioning from more stocks to more bonds in order to reduce market risk as the target date approaches.

If you have any questions about the fund, please call us at 1-800-279-4030.