On June 27, the American Funds 2070 Target Date Retirement Fund was added to the American Funds Target Date Retirement Series® (Series) in our retirement plan solutions. The 2070 Fund is now available for RecordkeeperDirect®, PlanPremier®, SIMPLE IRA and SIMPLE IRA Plus plans that offer the Series.
Like the other funds in the Series, the 2070 Fund invests in a mix of American Funds that will evolve as the target date approaches and passes. The 2070 Fund is designed for investors who plan to retire in or within a few years of 2070.