USAA Launches New Target Retirement Funds
Low-Cost Family of Mutual Funds Are Newest Addition to Suite of Retirement Services
SAN ANTONIO--(BUSINESS WIRE)--USAA today unveiled a new family of five Target Retirement Funds designed to simplify the investing process for retirement and provide greater value with costs that are 47 percent below the latest comparable Lipper category expense ratio average. The funds’ investment strategy is based on investing and managing risk against specific retirement dates, gradually becoming more conservative as the fund approaches maturity.
“Our members will benefit from this addition to our comprehensive suite of financial planning and investment products and services.”
The new mutual fund options include:
USAA life, investment and retirement products are available to non-USAA members.
The Target Retirement Funds are comprised of underlying USAA equity and bond funds. Using the new funds, USAA members are able to invest for retirement without the need to actively monitor and refine their investment portfolios.
“Our collection of Target Retirement Funds will make it easier to plan for the future, and will encourage long-term investing and diversification,” said Chris Claus, president, USAA Financial Services Group. “Our members will benefit from this addition to our comprehensive suite of financial planning and investment products and services.”
The minimum investment to open an account is $3,000, or $1,000 for IRA accounts. Visit usaa.com to invest in the funds, or call 1-877-314-2255 for free financial advice.
4 Steps for a Better Retirement:
USAA, a diversified financial services company, is the leading provider of financial planning, insurance, investments, and banking products to members of the U.S. military and their families. USAA provides highly competitive financial products to its 6.4 million members. For more information about USAA, or to learn more about membership, visit usaa.com.
Consider the investment objectives, risks, charges and expenses of the USAA mutual funds carefully before investing. Contact us at 1-800-531-8181 for a prospectus containing this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing.
USAA means United Services Automobile Association and its affiliates. Financial advice provided by USAA Financial Planning Services Insurance Agency, Inc. (known as USAA Financial Insurance Agency in California), and USAA Financial Advisors, Inc., a registered broker dealer.