Products August 4, 2008
USAA Launches Target-date Series
USAA launched a new family of five Target Retirement funds with costs it says are 47% below the latest comparable Lipper category expense ratio average.
Reported by Rebecca Moore
The new fund options are:
- USAA Target Retirement 2050,
- USAA Target Retirement 2040,
- USAA Target Retirement 2030,
- USAA Target Retirement 2020, and
- USAA Retirement Income.
The Target Retirement Funds are comprised of underlying USAA equity and bond funds, according to a press release. The minimum investment to open an account is $3,000 or $1,000 for IRA accounts.
USAA life, investment, and retirement products are available to non-USAA members, the company said.
For more information, visit www.usaa.com.