ABA Retirement Funds Introduces Two Plan Features: Retirement Date Funds and Roth 401(k).
NORTH QUINCY, Mass. -- ABA Retirement Funds (ABA/RF), which offers tax-qualified retirement plan services to qualified legal professionals, has introduced five new investment options and a Roth 401(k) feature for forward-minded investors who want to accumulate hassle-free retirement savings. Retirement Date Funds and a Roth 401(k) have been added to ABA/RF's program to meet the changing retirement planning needs of their participants.
Retirement Date Funds are designed for investors who prefer managed fund options or lack the time to regularly monitor their investments. These new ABA/RF fund offerings are suitable for individuals uncomfortable changing their asset allocations over time to meet their retirement goals. Retirement Date Funds are rebalanced annually based on an individual's selected retirement date to help manage their portfolio asset allocation as they near retirement.
"The new additions to the ABA Retirement Funds program offer participants new investment options, tools, resources and educational material that can help them understand what they can do now to be more prepared for retirement," said Beth Halberstadt, Senior Vice President/Program Director for ABA Retirement Funds.
ABA/RF's other new offering Co the Roth 401(k) feature Co gives investors the opportunity to make after tax deferrals into a "Roth" 401(k) account and then enjoy tax-free withdrawals after retirement. Further, qualifying distributions are also tax-free. The Roth 401(k) may be a good choice for investors who expect to be taxed at a higher rate in retirement, individuals whose income level prevents them from contributing to a Roth IRA, and investors who plan to remain invested for at least five years.
Participants who want to further refine their retirement savings strategy can receive objective advice from experienced financial planners through the CitiStreet Advisor Service. CitiStreet Participant Services Representatives are available from Monday - Friday from 8 a.m. to 8 p.m. Eastern time at (800) 348-2272.
ABA Retirement Funds offers tax-qualified retirement plan services to qualified legal professionals, along with educational information related to retirement planning and funding. The ABA Retirement Funds program ("the Program") is administered by State Street Bank and Trust, and includes plan administration, investment management and advice. ABA Retirement Funds has earned "preferred vendor status" with 28 state bar associations and legal organizations including: AL, AR, AZ, CO, CT, DC, GA, HI, IL, IN, KS, LA, ME, MN, MS, NH, NV, NM, NY, NC, ND, OK, RI, VT, WA, WI as well as AILA and AIRE. The Program is also an ABA Member Advantage company.
For more information, call 877-948-2272 or visit www.abaretirement.com.
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|Date:||Oct 3, 2006|
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