T. Rowe Price Retirement 2025 Fund is a target-date retirement fund that invests in a mix of stocks, bonds, and other assets. The fund’s asset allocation is designed to become more conservative as the target retirement date approaches. This means that the fund will invest more in bonds and other fixed-income investments as the investor gets closer to retirement.
Target-date retirement funds are designed to make it easy for investors to save for retirement. They offer a one-stop solution that automatically adjusts the asset allocation as the investor ages. This can help investors stay on track to reach their retirement goals.