The American Funds 2055 Target Date Retirement Fund Class R-3 (ticker: RCMTX) is a mutual fund that is designed for investors who plan to retire in the year 2055. This fund is part of the American Funds family, which is known for its long-term investment approach and diverse portfolio. The Class R-3 shares have a lower expense ratio compared to other share classes, making it a more cost-effective option for investors. This fund automatically adjusts its asset allocation as the target date approaches, becoming more conservative as the retirement date nears. It is a well-diversified fund that invests in a mix of stocks, bonds, and other assets to provide potential growth and income for investors' retirement goals.