TIAA-CREF 2055 Lifecycle Fund
We are pleased to add TIAA-CREF’s newest lifecycle fund, the Lifecycle 2055 Fund as an investment choice under the Washington & Jefferson College Retirements Plans effective September 26, 2011.
Lifecycle Funds offer a convenient solution for investors who prefer to have their retirement investments professionally managed using a strategically developed, disciplined approach. The TIAA-CREF Lifecycle 2055 fund now makes this approach available to our early career employees and other plan participants who may want to allocate to this fund.
TIAA-CREF Lifecycle Funds provide a consistent glide path for asset allocation from initial participation in the funds through retirement. At the outset, the Lifecycle 2055 Fund allocates 90 percent of assets to equity and 10 percent to fixed income. By its 2055 target retirement year, the allocation will shift to 50 percent equity and 50 percent fixed income, reaching the final allocation of approximately 40 percent equity and 60 percent fixed income between 2062 and 2065.
Please note that if you are being default invested because you have not made an investment selection, and you were born January 1, 1989 or later, your future contributions will be allocated 100% to the TIAA-CREF Lifecycle 2055 Fund.
To obtain more information about this new fund, request a prospectus or speak with a TIAA-CREF representative please call 800-842-2252.