Freedom Funds Make 401(k) Investing Simple

From the September 2014 Benefits eNews

The BMC 401(k) Plan features many investment options. Having so many options can be overwhelming if you aren't an investing whiz. That's why our 401(k) includes target date funds called Fidelity Freedom® Funds. One of the 20 Fidelity Freedom Funds could be the right choice for you if you'd like a faster, easier way to choose and manage your investments.

Each Freedom Fund starts with a mix of mutual funds geared toward the year you expect to start withdrawing your money for retirement. As time passes, the investment managers gradually shift the investment mix from a greater concentration of high-risk investments to more conservative, low-risk investments. It all happens automatically. It's a no-fuss way to get a solid investment mix.

Freedom Funds are appropriate for anyone — whether you plan to retire in 5, 10, 20, 30, or even 40 years down the road. Just pick the fund with the date closest to when you plan to retire. For example, if you plan to retire at age 65 in 2039, you would consider the 2040 Freedom Fund. Visit the Fidelity Viewpoints website to learn more about how Fidelity manages Freedom Funds.

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