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https://finance.yahoo.com/news/t-rowe-to-young-people-you-should-own-more-stocks-202442229.htmlThe adjustments to the so-called glide path changes the allocation for investors 30 or more years away from retirement from 90% to 98% stocks. The plans will hold the 98% constant and start the “glide path” towards lower stock exposure when an investor reaches the 30-years-to-retirement mark.
At retirement, the portfolios would have an allocation of 42.5% in stocks.
If an investor is lucky enough to live 30 years past their retirement age — potentially in their 90s — T. Rowe’s target funds would have them with 30% stocks in their portfolio, and the rest in safer investments like cash and bonds. That number in T. Rowe Price’s target-date funds now is at 20%.
The company would also add emerging markets exposure to these funds.