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Bar News - November 3, 2006

ABA Retirement Funds Adds New Options


ABA Retirement Funds (ABA/RF), which offers tax-qualified retirement plan services to qualified legal professionals, has introduced new investment options, called Retirement Date Funds, and a Roth 401(k) feature for investors. Retirement Date Funds and a Roth 401(k) have been added to ABA/RF’s program to meet the changing retirement planning needs of its participants.


The five types of Retirement Date Funds are designed for investors who prefer managed fund options or lack the time to regularly monitor their investments. These new ABA/RF fund offerings are suitable for individuals uncomfortable with changing their asset allocations over time to meet their retirement goals. These funds are rebalanced annually based on an individual’s selected retirement date to help manage portfolio asset allocation as retirement nears.


“The new additions to the ABA Retirement Funds program offer participants new investment options, tools, resources and educational material that can help them understand what they can do now to be more prepared for retirement,” said Beth Halberstadt, program director for ABA Retirement Funds.


ABA/RF’s other new offering gives investors the opportunity to make after-tax deferrals into a Roth 401(k) account, providing tax-free withdrawals after retirement. Further, qualifying distributions are also tax-free. The Roth 401(k) might be a good choice for investors who expect to be taxed at a higher rate in retirement, individuals whose income level prevents them from contributing to a Roth IRA, and investors who plan to remain invested for at least five years.


Participants who want to further refine their retirement savings strategy can receive objective advice from experienced financial planners through the CitiStreet Advisor Service. CitiStreet Participant Services Representatives are available from 8 a.m. to 8 p.m., Monday through Friday (EST) at 800-348-2272.


The ABA Retirement Funds program is administered by State Street Bank and Trust, and includes plan administration, investment management and advice. ABA Retirement Funds has earned “preferred vendor status” with 28 state bar associations, including New Hampshire, Maine, Rhode Island, Vermont, Connecticut and New York. The program is also an ABA Member Advantage company.


For more information, call 877-948-2272 or visit




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