RBFCU Freedom Retirement Plan | RBFCU

RBFCU Freedom Retirement Plan | RBFCU
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403(b)
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Roth 457(b)
RBFCU Freedom Retirement Plan
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RBFCU Freedom Retirement Plan™
A smart way to build your future
With the RBFCU Freedom Retirement Plan, you can create a plan you’ll feel confident about. This plan is offered through an exclusive partnership with Nationwide
®
and is available to employees in school districts and certain tax-exempt
organizations served by RBFCU. It’s offered in
403(b)
,
Roth 403(b)
,
457(b)
and
Roth 457(b)
retirement plans with a variety of investment options, no front- or back-end sales charges and no transfer fees.
RBFCU Freedom Retirement Plan benefits and features
Exclusive partnership with Nationwide
Diversified investment options with a variety of investment companies on one platform
Competitive fixed-rate option
No front- or back-end sales charges
No transfer fees
Available to employees in school districts and certain tax-exempt organizations served by RBFCU
Want to Enroll Online?
We know your time is valuable, so we’ve made it easy for you to self-enroll in the
RBFCU Freedom Retirement Plan
.
Visit
nationwide.com/RBFCU
Start your 403(b)/457(b) account by clicking “Enroll now”
Contact your school district’s Third Party Administrator to begin a payroll deduction
Diversified investment options available with the RBFCU Freedom Retirement Plan
With the RBFCU Freedom Retirement Plan, you have the option to invest in several of the leading mutual fund companies, including, but not limited to:
American Funds
BlackRock
Dimensional (DFA)
Fidelity
Franklin Templeton
J.P. Morgan
Oppenheimer
PIMCO
Vanguard
Why we partnered with Nationwide
Unlike a federally insured account, mutual funds containing stocks, bonds and other investments are not guaranteed. Their performance depends on the health of different financial markets, the performance of the mutual fund portfolio manager, and fees and other expenses.
As a result of performance, investment options and low costs, the RBFCU Retirement Program elected to work with Nationwide
in order to create the RBFCU Freedom Retirement Plan. Nationwide is the choice of a large portion of the nation’s independent investment advisors for their client’s tax-advantaged retirement assets, including variable annuities, 401(k) plans and IRAs.
Our fiduciary responsibility
RBFCU Retirement Program has a fiduciary responsibility to you. This simply means we want to ensure the mutual fund choices in our line-up meet your needs, not ours.
To provide this fiduciary protection, we’ve partnered with
LeafHouse Financial.
As an investment fiduciary, their focus is to prudently select, evaluate and monitor investments that are solely in your best interest, so you can plan your future with confidence.
How does the RBFCU Freedom Retirement Plan compare?
RBFCU Freedom Retirement Plan
Annual fee
$3
Asset-based management fee
1.06%
Sales charge
None
Transfer fees
None
Know your choices when planning your retirement
403(b)
• Tax-Sheltered Plan
• Pre-tax contributions
• Reduces your taxable income
• Taxes are deferred until withdrawn
Roth 403(b)
• Tax-Sheltered Plan
• After-tax contributions
• Does not reduce taxable income
• Allows earnings to grow tax-free
457(b)
• Deferred Compensation Plan (DCP)
• Pre-tax contributions
• Reduces your taxable income
• Taxes are deferred until withdrawn
Roth 457(b)
• Deferred Compensation Plan (DCP)
• After-tax contributions
• Does not reduce taxable income
• Allows earnings to grow tax-free
Request a complimentary initial consultation
To learn more about the RBFCU Retirement Program and benefits of enrolling, contact us at:
Already have an RBFCU Freedom Retirement Plan account?
Log in to Nationwide’s website
to manage your RBFCU Freedom Retirement Plan account. Once you log in, you can:
Update your personal profile and preferences
View your balance and transaction history
Access beneficiary information, statements and tax documents
Use educational tools and calculators
Research funds and investment options
Read newsletters about the market, investing and how to better position yourself to help meet your financial goals
View presentations that can help you make informed decisions about investing and retirement planning
Retirement Calculators
What will my income be after I retire?
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-
What will my expenses be after I retire?
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Retirement FAQs
What is the difference between a 457(b) plan and a 403(b) plan?
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-
Both types of plans are tax deferred, but the 457(b) lets you start withdrawing money from your account as soon as you stop working for the sponsoring employer, no matter your age or in the case of death, disability or unforeseen emergency, regardless of your age if certain requirements are met. Meanwhile, 403(b) plans allow standard, penalty-free withdrawals at age 59½, as well as limited early withdrawal exceptions.
Can I transfer my 403(b) plan at any time?
+
-
Yes. If you are still employed, you may transfer your 403(b) between eligible 403(b) providers. If you are no longer employed or otherwise meet a qualifying event, you become eligible to roll funds over to an IRA or other eligible retirement plan.
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All products and services under the RBFCU Freedom Retirement Plan™ are offered through Nationwide, which is not affiliated with Ameriprise Financial Services, LLC.
Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Ameriprise Financial Services has a partnership with this financial institution to provide financial planning services and solutions to clients. The financial institution is not an investment client of Ameriprise but has a revenue sharing relationship
with us that creates a conflict of interest. Details on how we work together can be found on
ameriprise.com/sec-disclosure
.
Ameriprise Financial Services partners with financial institutions to provide investment advisory, brokerage and insurance services to their clients. This is a contractual relationship, which earns the financial institution compensation from Ameriprise
for successful referrals. In most cases, the financial institution also receives a majority of the commissions and fees generated by Ameriprise financial advisors for the services noted above. This applies as long as the referred client maintains
a relationship with Ameriprise. Non-licensed employees of the financial institutions may receive incentives from their employer for referring clients to Ameriprise. These incentives create a conflict of interest.
Ameriprise Financial is not affiliated with the financial institution.
RBFCU Retirement Program, a financial advisory practice of Ameriprise Financial Services, LLC, is a division of RBFCU Investments Group LLC.
The selection, monitoring, and replacement of investment options for the Nationwide Freedom Retirement Plan are made by Leafhouse Financial which is not affiliated with Ameriprise Financial Services, LLC.
The initial consultation provides an overview of financial planning concepts. You will not receive written analysis and/or recommendations.
Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.
A Roth IRA is tax free as long as investors leave the money in the account for at least 5 years and are 59½ or older when they take distributions or meet another qualifying event, such as death, or disability.
Be sure you understand the potential benefits and risks of an IRA rollover or transfer before implementing. As with any decision that has tax implications, you should consult with your tax adviser prior to implementing an IRA rollover or transfer.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.
Securities offered by Ameriprise Financial Services, LLC. Member
FINRA
and
SIPC
.