Okay, I keep hearing about these things and reading about them and I just don't like them.

They sound so diversified and aggressive 90& stocks 10% bonds but what stocks are we talking about? If it is mostly safe, big US company stocks then are you really being aggressive? What if I said I had a portfolio of 70% large cap and 20% mid cap and 10% bonds would you even begin to think I was being an aggressive investor?

I think they give the people who buy them a false sense of security. I actually think alot of people, probably not on this board, think that if they invest in these funds they will have enough to retire on in 2040 or whenever. Put the money in and kaching without any other effort on your part you will have what you need.

I realize that I am still relatively new to handling my retirement investments and I even had a financial planner say I was too aggressive with too much in international funds (20%) I have a high risk tolerance because I have a fallback provision, a pension that pays 70% of my ending salary, so anything I make will be additional to that.

It bothers me though the way these 'lifecycle funds' are marketed. My personal experience is that if you let someone else manage it and don't get educated you lose.

END OF RANT