Question: 1 Based on your age and current financial situation, which type of mutual fund seems appropriate for your investment needs? 2 As people get closer

1 Based on your age and current financial situation, which type of mutual fund seems appropriate for your investment needs?

2 As people get closer to retirement, their investment goals often change. Assume that you are now 45 and have accumulated $110,000 in a retirement account. In this situation, what type of mutual fund would you choose? Why?

3 Assume that you are now 60 years of age and have accumulated $400,000 in a retirement account. Also assume that you would like to retire when you are 65. What type of mutual funds would you choose to help you reach your investment goals? Why?

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