If you are like the estimated 80% of retirement investors who don't have the time or desire to select and track their investments, a Retirement Fund might be right for you.

Each Retirement Fund is a mutual fund made up of other mutual funds. That means investing in one of these funds is like investing in hundreds, or even thousands, of different stocksólarge, small, international, and domesticóall in one convenient package.

Achieve balance: Funds adjust over time
When retirement is still a long way off, it makes sense to invest more aggressively in order to weather the market's ups and downs. As retirement nears and the goal is to preserve savings, then you can adjust your portfolio so that it is more conservative.

Knowing when and how to make these adjustments can be a challenge. When you invest in a T. Rowe Price Retirement Fund, we adjust your investment mix for you.

Actively Managed through your retirement years

The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The funds invest in a broad range of underlying mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus more on income and principal stability during retirement. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.

All funds may not be available in your plan. Check a recent copy of your plan information to confirm your fund choices.