Description

This fund establishes its portfolio by investing in a wide array of T. Rowe Price's own stock and bond mutual funds, which collectively cover diverse asset classes and market sectors. The strategic distribution of assets among these underlying funds is designed to evolve and shift over time, progressively adjusting its risk profile as it nears its designated target retirement date. This investment strategy is specifically crafted for the 2055 retirement year, as reflected in its name, and operates on the premise that the investor will retire at age 65.