Milestone Funds Offer Easy One-Step Retirement Investing
The Vantagepoint Milestone Funds are designed to make retirement investing simpler for your participants by allowing them to select a single diversified fund designed to meet their investment time horizon. Each Milestone Fund invests in a professionally selected combination of Vantagepoint funds. This combination of funds is adjusted over time to reflect an increasingly conservative asset mix as the Fund approaches its target date, reducing the overall risk as the time remaining until withdrawals becomes shorter.
Which Milestone Fund Should Your Participants Choose?Your participants will pick the Milestone Fund with a date closest to the date they expect to retire or start withdrawing funds. In all there are eight different Milestone Funds to choose from. The initial asset allocation for the Funds are presented below. | |||||||
|---|---|---|---|---|---|---|---|
Retirement Income |
Milestone 2010  | ||||||
Milestone 2015 |
Milestone 2020 | ||||||
Milestone 2025 > |
Milestone 2030 | ||||||
Milestone 2035 |
Milestone 2040 | ||||||
| |||||||
What Types of Participants Will Benefit Most from the Milestone Funds?
If your participants answer “Yes” to any of these three simple questions, they should explore investing in a Milestone Fund:
- “Despite your best intentions, do you lack the time to manage the investment asset allocation mix in your retirement account?“
- “Do you want to make one simple fund selection now and have that fund professionally managed for you?“
- “Are you interested in a fund that is automatically reallocated to reflect an increasingly conservative asset mix as you grow older?”
If Participants are Ready to Invest in a Milestone Fund, What Should They Do?
Investing in a Milestone Fund is easy:
- Carefully read the Vantagepoint Funds Prospectus
- have the participant select the Milestone Fund closest to the year they would like to retire and/or begin withdrawals
- The participant should then transfer existing account assets to that Milestone Fund. They should also change the allocation of their future contributions to the selected Milestone Fund through any one of the three following simple methods:
- Have them log in to Account Access
- Call our automated VantageLine Service (1-800-669-7400)
- Or call an ICMA-RC Investor Services representative (1-800-669-7400)
If your plan does not currently utilize the Milestone Funds and you are interested in more information on these funds please contact Client Services.