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TIAA-CREF Lifecycle vs. Fidelity Freedom?
Kristina
07-06-2008, 8:55 PM | Post #2536192
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My employer is going to start making contributions to a retirement fund for me. I get to choose between TIAA-CREF and Fidelity. I am totally new to investment and at the moment I don't want to spend much time learning about it, so I am thinking of one of the targeted funds, i.e., TIAA-CREF Lifecycle or Fidelity Freedom, probably the 2035 or 2040 versions.
Intuitively I am drawn toward TIAA-CREF because I like their history and I find the information I have gotten from them more helpful - not necessarily very good reasons. Also, Fidelity Freedom 2035 has a much better rating than TIAA-CREF 2035 (four vs. two stars). However, I also feel somewhat awkward to make this decision based on a couple of stars in some rating that I don't really understand.
Does anybody have an opinion on TIAA-CREF Lifecycle vs. Fidelity Freedom? I'd be happy to hear it. And if there are other factors that I should take into account when making my decision, that would also be great advice.
Thanks a lot, Kristina
Topics
Fidelity Freedom
learning
rating
target
TIAA-CREF
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