How do I know if a BGI LifePath fund is right for me?
BGI LifePath Portfolios are quite different from the traditional investment strategy of picking your own mix of funds and monitoring and adjusting that mix year after year. If you’re not particularly interested in investing or you don’t think you’ll have enough time to stay on top of your investment portfolio over the years, then a BGI LifePath fund may be an attractive solution. Although LifePath will free you from the ongoing task of managing your investment mix, you still need to take responsibility for ensuring that your overall savings plan will meet your retirement goals. You should periodically review the growth of your account, as you may need to adjust your contribution percentage over time to meet your goals. There are also times when you may consider making changes to your LifePath Portfolio. For instance, if you decide to retire earlier (or later) than you originally planned, you can switch to a LifePath Portfolio that better targets your anticipated retirement date.
Related Questions
- I am a Burmah Castrol Pension Fund member. If I take early retirement, am I right in understanding that the new 3% standard early retirement terms apply to me also?
- If I purchased shares of PIMCO Low Duration Fund right before the change takes place will my trail be decreased on January 1, 2010?
- How do I know if a BGI LifePath fund is right for me?
