Contributing to the CEIRP group savings plan means you’re in the driver’s seat — you decide where your contributions are invested.
The Cadence Target-Date Funds are designed to generate more growth in the early years, progressing to become more conservative in the years nearing your selected retirement year. This simple, hands-off approach will help you save for the future.
If you’re already invested in a Cadence Target-Date Fund, check to make sure that your target retirement year is matched to the correct Cadence Target-Date Fund. If it isn’t, you may not be getting the full advantage of the way the funds are designed.
It’s easy to choose the fund that’s right for you:
| Birthdate | Fund |
|---|---|
| 1958 to 1962 | Cadence 2025 fund |
| 1963 to 1967 | Cadence 2030 fund |
| 1968 to 1972 | Cadence 2035 fund |
| 1973 to 1977 | Cadence 2040 fund |
| 1978 to 1982 | Cadence 2045 fund |
| 1983 to 1987 | Cadence 2050 fund |
| 1988 to 1992 | Cadence 2055 fund |
| 1993 to 1997 | Cadence 2060 fund |
| 1998 to 2002 | Cadence 2065 fund |
The above list is based on a retirement age of 65. Being realistic about your retirement date means choosing the best fit for you.
To make a change to your Cadence Target-Date Fund, sign in to your group savings plan at mycanadalifeatwork.com. Select Savings > Manage portfolio > Investment instructions to direct future contributions to a new investment option. You can select Fund to fund transfer to transfer existing balances to a new investment choice.
You can also change your investment instructions over the phone by contacting Canada Life at 1-855-729-1839 Monday to Friday 8 a.m. to 8 p.m. ET
Have questions or concerns about your savings plan and path to retirement? Book an online appointment with a health and wealth consultant for personalized savings advice and one-on-one support.
