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.
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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.

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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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