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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (214820)	1/13/2005 9:54:55 AM
From: RetiredNow	Respond to of 1573135

LOL. No, I'm a manager at a consulting firm. However, I am completely sold on horizon funds. Fidelity is the one I know about, because I have my 401K funds in them. I believe their are others out there. Some people call them target-date funds or lifecycle funds too. Either way, they are perfect for the average American who can't afford a financial planner. I did a quick search and found this link on them: financial-planning.com But I keep bringing them up on these threads because they are a fine example of how the gov't could structure personal accounts in such a way that people don't squander their money by being allowed too much freedom to invest in individual stocks or overly aggressive mutual funds. If they are limited to choices in various horizon/lifecycle funds, then they will only take on as much risk as is justified by the number of years to their retirement. This give them the highest probability of earning a higher rate of return than social security earns them. And they reallocate automatically, getting more conservative until the retirement date, at which point they are at the perfect allocation to allow you to being withdrawing an income stream. This is modern finance at it finest. Anyway, I post about Fidelity because they actually invented them and they have the widest range of target-dated funds. Take a look at them. You might become interested in them for yourself.