One of the benefits of being a CEIRP member is how the funds in our plan are designed to help you reach your retirement goals. Each of the Cadence Target-Date funds coincides with a retirement year; for example, if you turn 65 in 2040, you would select the 2040 fund. As you get closer to your retirement, the investments become more conservative as a way to preserve your total savings until you are ready to use it as income. It makes saving for retirement simple and hands-off.
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 also important to stick to one fund that best matches your retirement year for this reason also.
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 1-833-531-6418 Monday to Friday 8 a.m. to 8 p.m. ET.
Are you satisfied with your investment fund selection? Or is it time to review your risk tolerance? Consider reviewing the Investment Personality Questionnaire.
Close to retirement? CEIRP’s dedicated Investment and Retirement Managers can help answer your questions.
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.
If you have general questions about your CEIRP account, call Canada Life at 1-833-531-6418, weekdays, 8 a.m.- 8 p.m. ET.
