City of Long Beach 457 Retirement Investment Plan Options: How to Approach Investing in Your Retirement Plan

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    Long Beach Target Date Funds

    Target-date funds offer diversification and a strategy that seeks to reduce your investment risk over time, all in one fund. Long Beach offers six custom funds for you to choose from:

    The year in the fund name is designed to match the year you expect to begin making gradual withdrawals from the fund. For example, the Long Beach Custom 2040 Fund is generally suitable for someone who will begin making gradual withdrawals soon after the year 2040.

    However, if you are uncomfortable with the risk level of the default fund based on when you expect to begin withdrawing, you have the option of choosing another custom fund that better matches your ideal risk level.

    The Target-Date Fund is not a complete solution for all of your retirement savings needs. An investment in the fund includes the risk of loss, including near, at or after the target date of the fund. There is no guarantee that the fund will provide adequate income at and through an investor’s retirement. Selecting the fund does not guarantee that you will have adequate savings for retirement.