BOSTON — Pentegra Retirement Services, a NAFCU PreferredPartner, has teamed up with State Street Global Advisors to offertarget retirement date funds to defined contribution planparticipants.
|With “target date” retirement funds, employees choose the targetretirement fund that is closest to the date of their retirement:2015, 2025, 2035, or 2045. Each fund is a mix of cash, bonds andstocks, the percentage of each based on years to retirement. As theyears go by, the funds are rebalanced and become incrementally moreconservative. The funds aim to help eliminate the confusion manyinvestors feel when faced with too many mutual fund choices in thetypical 401(k), according to Pentegra and State Street.
|NAFCU Service Corp.'s partnership with Pentegra launched in2006.
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