Best Retirement Income Funds
Retirement income funds invest mainly in a mix of stocks, bonds, and cash. These funds are suitable for investors who already in or entering retirement. The fund style is managed with a conservative asset allocation strategy. The funds may provide steady income for retirement.Top performing retirement income mutual funds of 2016 are:
- AllianzGI Retirement Income Fund (AGRAX)
- Invesco Balanced-Risk Retirement Now Fund (IANAX)
- PIMCO RealPath Blend Income Fund (PBRAX)
- Vantagepoint Milestone Retirement Income Fund (VQRRX)
- BlackRock LifePath Active Retirement Fund Investor A (BAPBX)
- MFS Lifetime Income Fund (MLLAX)
- Wells Fargo Dow Jones Target Today Fund (STWRX)