Determined to carve out its stake in the coming Baby Boomer retirement rush hour, Fidelity Investments of Boston has just unveiled a pair of brand new retirement income solutions designed to work together or separately. The products-a family of income-producing mutual funds-of-funds and a variable annuity guaranteeing income-were two years in the making, Fidelity officials said.

The 11 Fidelity Income Replacement Funds will act like lifecycle funds in that they have target dates in two-year increments ranging from 2016 to 2036. Each will have a designated underlying asset allocation among other Fidelity funds and start aggressive and get more conservative in allocations.

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