LifeStrategy Funds vs. Target Retirement Funds

Function

• LifeStrategy funds are geared toward saving money for any medium-term or long-term personal goal. Target retirement funds are aimed at saving for retirement.
  
  

Considerations

• You could choose a LifeStrategy fund based on how many years ahead you will need the money, or on how many years you have to invest. If you are simply saving toward retirement, then a target retirement fund is what you need. You can choose a fund based on the number of years you have until retirement.
  
  

Benefits

• Target retirement funds rebalance your portfolio as you near your targeted retirement age, shifting into more conservative investments. LifeStrategy funds choose your investments for you based on how many years you have to invest and how aggressive you want to be in terms of risk.