What investment options are available in my retirement plan?

Great-West Financial typically offers a variety of investment options within retirement plans, allowing individuals to tailor their portfolios to meet their specific financial goals and risk tolerance. The options may include mutual funds, target-date funds, collective investment trusts, and stable value funds, among others. Mutual funds are often a cornerstone of retirement plans, providing investors with a diversified mix of stocks and bonds managed by professional fund managers. Target-date funds provide a convenient option for individuals who prefer a set-it-and-forget-it approach. These funds automatically adjust their asset allocation as the target retirement date approaches, shifting from a growth-oriented investment strategy to a more conservative allocation over time. Collective investment trusts may be available as they are often utilized in retirement plans to offer lower fees and increased transparency. Stable value funds can also be an attractive option, providing principal protection along with a stable rate of return, which can be particularly appealing to those who wish to preserve their capital. It is essential for individuals to review their retirement plan documentation or the options presented in their plan's investment menu, as the specific offerings can vary widely based on the plan design and provider. For detailed information about the investment options available in a specific retirement plan managed by Great-West Financial, individuals may wish to consult the official website or refer to the plan’s summary plan description to get the most accurate and updated details related to their investment choices.