Fund manager T. Rowe Price Associates said recently that it has expanded its lineup of target-date retirement funds to 10, as assets in those funds have risen tenfold since 2003, eclipsing the $5 billion mark.

Baltimore-based T. Rowe's latest offering, the Retirement 2045 Fund, is a fund-of funds designed for those individuals who plan on retiring that year. The fund's targeted asset allocation is comprised of 93% stocks and 7% bonds, the company said in a press release.

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