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The goal of Fidelity’s target date strategies is to help participants maintain their standard of living in retirement by balancing risk and reward throughout their lifetime. Fidelity establishes an income replacement goal equal to 72% of an individual’s final preretirement salary as the income needed to maintain a similar lifestyle. Our target date funds are designed to benefit a broad range of investors with varying savings patterns and income replacement needs.
Name | Title | Since | Until |
---|---|---|---|
Andrew Dierdorf | Portfolio Manager | 2015 | Now |
Biography | Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager. | ||
Brett F. Sumsion | Portfolio Manager | 2014 | Now |
Biography | Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder. |
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