Two Target Date Titans Team for New CIT Offering

401k, target date, massmutual

MassMutual just made it easier to save the date.


A new target date offering from MassMutual aims to provide 401(k) savers who are around retirement age an added layer of protection from dips in the market.

The idea is to lessen the chance that soon-to-be or recent retirees’ assets take a big hit when it could hurt the most.

Dubbed Legg Mason Total Advantage Funds, the new product is described as “a series of bank-maintained collective investment funds” that utilize “both active and passive investment management strategies by investing in underlying funds that are managed by 16 different managers.”

The Funds are subadvised by Legg Mason-affiliate QS Investors, LLC, and sponsored by Wilmington Trust, N.A. They are available through MassMutual 401(k)s and various other defined contribution plans.

“Financial advisors often caution retirees and pre-retirees against taking too much investment risk, to guard against steep paper losses at a time in which they will need to generate retirement income,” MassMutual explained in its statement. “Target date funds are evolving toward more dynamic structures that have the potential to better balance risk and reward for individuals, depending on macros market factors, their age and retirement plans.”

More specifically, Legg Mason Total Advantage Funds intend to mitigate market volatility by incorporating:

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