National Retirement Security Month
#NRSM
Retirement Words of the Week
We’re excited to share some important words to be aware of in honor of National Retirement Security Month! National Retirement Security Month aims to spread awareness about how to prepare for retirement, no matter where you’re at in your journey.
Do you know what a target-date fund (TDF) is?
A target-date fund is a type of investment vehicle that automatically adjusts your mix of stocks, bonds and other investments over time. A TDF aiming at a date in the somewhat distant future tends to have a fairly aggressive asset allocation, with a focus on equity funds. As the target date approaches, the fund is reallocated to become more conservative to preserve the assets that have accumulated and to provide income.
Answer some common questions you may have about target-date funds:
Do you know what a rollover is?
“Rollover” typically refers to transferring savings from one retirement plan account to another. If you choose to consolidate your retirement assets into one account, your pool of retirement savings has more opportunity to grow due to compounding. It’s important to take time to consider the possible benefits of consolidating your retirement assets. (Also, keep in mind potential surrender charges.)
For more assistance from a Rollover Specialist, call 866.939.7655, Monday through Friday, 9:00 a.m. to 8:00 p.m. ET.
Do you know what an employer match is?
Employer matching means that your employer contributes a certain amount to your retirement savings plan based on the amount of your annual contribution. Depending on the terms of your employer's retirement plan, your retirement savings contributions may be matched by employer contributions in several ways. Usually, employers match a percentage of employee contributions up to a specific portion of the total salary.
Jump-start your retirement savings by taking advantage of employer matching contributions and more.
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