Another Name for Lifecycle Funds Is

question 86

Multiple Choice

Another name for lifecycle funds is:

• A)balanced funds.
• B)funds of funds.
• C)target-date funds.
• D)asset allocation funds.
• E)money market funds.

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Definitions:

Development

The process of growth and change that humans undergo throughout their life, encompassing physical, cognitive, and social aspects.

Older Adults

Individuals who are in the later stages of life, often defined as being 65 years of age or older, and experiencing the physical and cognitive changes associated with aging.

Relatives

Family members related by blood, marriage, or adoption, ranging from immediate family like parents and siblings to more distant relations.

Children

Individuals in the early stages of life from birth to adolescence, characterized by rapid physical, emotional, and intellectual development.