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Governor Phil Murphy • Lt. Governor Tahesha Way

 

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Invest in your future

RetireReady NJ investment options

The goal of investing is to put your money to work so it grows over time and helps you meet your future needs. With RetireReady NJ, you have access to a range of investment options, allowing you to invest your contributions based on your retirement goals. Like most retirement programs, RetireReady NJ offers a variety of investment options, ranging from conservative to aggressive. How you choose to invest will depend on your risk tolerance. The descriptions below can also give you a sense of what each investment option can offer. Before making any investment decisions, you should consider obtaining appropriate professional advice if you have questions.

Choose what's best for you

When you enroll in RetireReady NJ, you have the option to stay invested in the default investment option, or you can choose your own fund(s).

Default investment option

If you choose to do nothing once enrolled, this will be your default investment choice:

Capital Preservation Fund for the first 30 days after your initial contribution

Target Retirement Date Fund after 30 days for any existing savings and any future contributions

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Choose your investments

You also have the option to customize how you'd like to invest your contributions. Choose from:

  • Capital Preservation Fund
  • Target Retirement Date Fund Series
  • Large Cap fund
  • Mid Cap Fund
  • Small Cap Core Fund
  • Small Cap Value Fund
  • International Equity Fund
  • Fixed Income Fund

Review your investment options

This option seeks to provide current income and preserve shareholders' principal investment by maintaining a share price of $1. The Capital Preservation Option is 100% invested in the Vanguard Treasury Money Market Fund (Ticker: VUSXX). All participants in RetireReady NJ will be enrolled automatically in the Capital Preservation Fund for 30 days, unless they have chosen otherwise.

Each Target Retirement Date Option has a specific "target date" (e.g., 2035, 2045, 2055) and is designed to manage risk while helping to grow your retirement savings. Target Retirement Date Options are available for savers of all ages and are usually selected by picking the fund that is closest to the year you expect to retire.

The Target Retirement Date Options are 100% invested in Vanguard Retirement Funds. Each of the Target Retirement Funds invests in Vanguard's broadest index funds, giving you access to thousands of U.S. and international stocks and bonds. The Target Retirement Date Options available include:

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This option is intended to provide investment results that correspond to the total return of common stocks publicly traded in the United States by investing primarily in securities listed on the S&P 500® Index. The Large Cap Fund is 100% invested in the Fidelity® 500 Index Fund (Ticker: FXAIX).

This option is intended to provide investment results that correspond to the total return of stocks of mid-capitalization companies in the United States by investing primarily in securities listed on the Russell Midcap® Index. The Mid Cap Fund is 100% invested in the Fidelity® Mid Cap Index Fund (Ticker: FSMDX).

This option is intended to provide investment results that correspond to the total return of stocks of small-capitalization companies in the United States by investing primarily in securities listed on the Russell 2000® Index. The Small Cap Core Fund is 100% invested in the Fidelity® Small Cap Index Fund (Ticker: FSSNX).

This option is intended to provide long-term growth of capital by investing primarily in common stock of small-capitalization companies listed on the Russell 2000® Index. Income is a secondary objective, but only when consistent with long-term growth of capital. The Small Cap Value Fund is 100% invested in the Wasatch Small Cap Value Fund (Institutional Class) (Ticker: WICVX).

This option is intended to provide investment results that correspond to the total return of foreign developed and emerging stock markets by investing primarily in securities listed on the MSCI ACWI ex USA Index. The International Equity Fund is 100% invested in the Fidelity® Global ex U.S. Index Fund (Ticker: FSGGX).

This option is intended to be a more conservative option that seeks to help investors preserve the value of their savings, while still earning income by investing in bonds. The Fixed Income Fund is 100% invested in the Baird Core Plus Bond Fund (Institutional Class) (Ticker: BCOIX).

Disclaimer

It's important to know that all investing comes with some degree of risk. Nothing on this page should be construed as investment advice. If you need help, you should consider consulting with a qualified financial advisor before deciding to invest in any fund.


Last Updated: Tuesday, 04/23/24