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Products August 4, 2008
USAA Launches Target-date Funds
August 4, 2008 (PLANSPONSOR.com) - USAA announced
the launch of 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 announcement said.
For more information, go to www.usaa.com .
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