What is a TIAA-CREF Lifecycle Fund®?
TIAA-CREF Lifecycle Funds provide a ready-made diversified portfolio using TIAA-CREF mutual funds with underlying investments that include stocks, bonds, and real estate investment trusts. TIAA-CREF Lifecycle Funds are available for target retirement years of 2010 through 2040 in five-year increments. Each TIAA-CREF Lifecycle Fund starts with an asset allocation generally considered appropriate for investors at different stages of retirement planning. Then, the funds readjust periodically to maintain an appropriate asset allocation for the remaining time horizon as the employee nears retirement age. With a TIAA-CREF Lifecycle Fund, the employee benefits from broad diversification and ongoing professional management, without the need to make investment, portfolio reallocation and readjusting decisions as the employee’s time horizon changes.
