Retirement Income Fund - RIF

When you're young, you can take risks. Ride a motorcycle. Go bungee jumping. Sing karaoke on a first date.

As you get older, though, you'll tend to dial back the risky behavior. Dinner at 4 pm, in bed by 7 pm. Never drive over 40 MPH, eat plenty of fiber...that sort of thing. Also, you might invest in a retirement investment fund.

This product represents mutual funds pitched at people already in retirement. The funds aren't looking to blow the doors off with eye-popping returns. No chasing high-flying tech stocks or trying to take advantage of fluctuations in volatile emerging currencies.

The point of these funds is to preserve capital and provide a solid total return for people who might have to start eating cat food if their portfolios get destroyed by a big market move. As such, these funds stick to conservative investments, mixing equities with bonds and cash to maximize returns with limited risk.