T. Rowe Price Retirement 2060 Fund (TRRLX)

This investment vehicle's primary objective is to achieve the greatest possible overall return over an extended period. It accomplishes this by strategically balancing growth in asset value with the generation of current income. The fund implements its strategy by allocating its assets across a diverse range of other mutual funds managed by T. Rowe Price, specifically those focused on stocks and bonds. The precise mix of these underlying T. Rowe Price funds is not fixed; instead, it progressively evolves as the fund approaches its designated retirement year. This particular fund is structured around a target retirement date of 2060, as indicated in its name, and its management approach anticipates an investor retiring at approximately 65 years old.