Products February 20, 2008

TD AMERITRADE Launches Retirement Planning Tool

TD AMERITRADE Holding Corporation has launched WealthRuler, a retirement planning tool that the company says can help investors predict their chance of accumulating a large enough nest egg.
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A news release said investors input information, including current retirement savings and financial goals, and the program uses broad asset allocation assumptions to run a minimum of 500 simulations of assumed market returns over a defined time frame.

Based on the results, the user either creates a formal retirement plan or adjusts his or her existing savings amount, retirement age, income, and expenses in WealthRuler to see how each of these variables might affect their financial outlook over time.

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More information is available here.

Products February 20, 2008

Wachovia Announces New 401(k) Offering

Wachovia will begin selling its new Wachovia Securities FundSource 401(k) through the firm’s more than 15,000 Wachovia Securities financial advisers.
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A news release said the Wachovia Securities FundSource 401(k) product will provide employees with Wachovia Securities’ money management guidance and the ability to create an investment portfolio comprising a range of investment options, including individual funds offered within FundSource and risk-based FundSource Optimal Blend Portfolios.

Recordkeeping and administration support services for the plans will be provided by Wachovia Retirement Services, which currently administers some 6,500 retirement plans for more than 2.3 million participants and pensioners.

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Wachovia Securities acts as investment manager and fiduciary for the assets in the FundSource Optimal Blend Portfolios. Currently there are $29 billion invested in FundSource funds.

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