Empower Lifetime 2045 Fund Investor Class (MXQLX)

Overview

The fund is crafted to cater to individuals aiming for retirement around the year 2045, approximately at the age of 65. It offers a specialized investment approach that focuses on accumulating wealth towards this specific retirement timeline. The fund's strategy emphasizes investing in a variety of underlying funds, meticulously chosen by professionals to match the retirement objective. Despite its non-diversified status, the fund ensures diversity in its investments through its underlying holdings, providing a balanced portfolio designed to support investors as they transition into their retirement phase.

Products and Services

• 2045 Target Date Retirement Fund

  This product is tailored for those planning to retire around the year 2045 and is keen on beginning to utilize their invested funds around or shortly after this time. The fund operates on a principle of gradual wealth accumulation leading up to retirement, followed by a systematic withdrawal strategy post-retirement. This approach facilitates a smooth transition for investors from saving to spending, aligning with their financial needs during retirement. The fund invests in a broad array of underlying funds, selected with precision to create a diversified portfolio that aims to mitigate risk while striving for growth over time.