Investing involves risk including the risk of loss of principal.
Diversification does not ensure a profit or guarantee against loss.
State Street Global Advisors’ Target Date Fund are designed for investors expecting to retire around the year indicated in each fund’s name. When choosing a Fund, investors should consider whether they anticipate retiring significantly earlier or later than age 65 even if such investors retire on or near a fund’s approximate target date. There may be other considerations relevant to fund selection and investors should select the fund that best meets their individual circumstances and investment goals. The funds’ asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. The investment risks of each Fund change over time as its asset allocation changes.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
Ages and expected dates of retirement are approximate and may not accurately reflect the age or retirement date of each participant at each stage of the product. Participants are responsible for selecting their own target retirement date.
Assumptions and forecasts used by State Street in developing the IncomeWise asset allocation glide path may not be in line with future capital market returns and participant savings activities, which could result in losses near, at or after the target date year or could result in the Portfolio not providing adequate income at and through retirement.
Asset allocation is a method of diversification which positions assets among major investment categories. Asset allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss.
It is possible for a target date fund to lose all of, or a substantial amount of, the value of its assets or contributions made thereto.
A Qualified Longevity Annuity Contract (“QLAC”) is a deferred income annuity designed for qualified defined contribution retirement plan participants. The QLAC’s stream of annuity payments provides participants with Deferred Guaranteed Income. Payment of the Deferred Guaranteed Income is guaranteed by and is subject to the claims-paying ability of the issuing insurance company. Neither the IncomeWise Funds nor the QLAC are insured by the FDIC or by another governmental agency; they are not obligations or deposits of, or guaranteed by State Street or its affiliates. QLAC purchases are subject to regulatory limitations.
The Deferred Guaranteed Income is a type of deferred income annuity, called a qualified longevity annuity contract (QLAC), which is an insurance product that guarantees money at a future date, typically for the rest of an participant’s (and, if applicable, their spouse’s) life. Participants who fully withdraw from the IncomeWise Funds prior to the QLAC purchase will not be eligible for the QLAC benefits. The QLAC is subject to regulatory limitations. The QLAC purchase is subject to market availability and cannot be guaranteed in any given year. The QLAC is not provided by or guaranteed by State Street or any affiliate of State Street. After an initial 90 day “free look” period, a participant cannot reverse the purchase of the QLAC.
Payment of the lifetime income is subject to the claims-paying ability of the issuing insurance company; it is possible that the issuing company may not be able to honor the income payouts at any time. Neither IncomeWise nor the QLAC are insured by the FDIC or by another governmental agency; they are not obligations of the FDIC or deposits or obligations guaranteed by SSGA. The QLAC is not provided by or guaranteed by SSGA or any affiliate of SSGA. QLAC purchases are subject to regulatory limitations.
United States: State Street Global Advisors, 1 Iron Street, Boston, MA 02210-1641.
