You are responsible for your financial security in retirement. It’s up to you to decide how much you need to save and what level of planning is required to meet your unique needs. Some people take a very hands-on approach. Others are more comfortable letting professionals take care of their accounts.
The ABA Retirement Funds Program (the “Program”) offers a number of tools and resources that can help different types of investors reach different types of financial goals. Here’s a quick summary of the Program services designed to improve the way you think about retirement readiness.
Help Over The Phone
At any time, you can have a one-on-one phone conversation with a Financial Advisor1 to discuss financial matters such as managing school debt or preparing for retirement. The call is free and you’ll receive a Financial Snapshot2 customized for your situation. Call 844.253.8692 to talk with a Financial Advisor.
Have a Professional Assess Your Investment Strategy
Connect with a financial representative who can provide you advice on your Program account investments, Professional Management, and a personalized Retirement Evaluation3. If you hire the Professional Management financial representative to manage your plan account, there is an additional fee for this service, based on your account balance. Call 844.253.8692 for more information. The call is free and there is no obligation to enroll in the service. You can cancel this service whenever you like.
Online Planning Tools
Access the following tools by logging in to your Program account at www.abaretirement.com.
This interactive, educational experience pops up when you log into your account. It’s an orange dollar bill that shows you the income you’ll likely need in retirement and the estimated progress you’ve already made toward that goal, based on your current savings balance. You can see how changing your retirement date and contribution level might affect your monthly retirement income.
This service offers investment advice based on your investment accounts at that time, retirement income forecasts and quarterly Retirement Updates, all at no additional cost. This is a self-service solution where you can implement the advice yourself. Select the Voya Retirement Advisors (VRA)4 link under the More Resources tab in the top right corner of any page.
Social Security Guidance
If you’re getting closer to retirement age, it’s important to understand how Social Security works so you can maximize your benefits. The Program offers Social Security guidance at no additional cost. To access this service, go to More Resources in the top right corner of any page and select Voya Retirement Advisors. Follow the You can do the work path until you land on the Overview tab,6 then select the Income Planner tab.
Personal Financial Dashboard
This free online planning tool helps you organize your finances and assists you in making more educated money decisions. Select the Did You Know link on your login homepage and follow the instructions.
The Financial Wellness Experience
See how you are doing with your money matters by taking a short quiz. Just visit the Financial Wellness Experience tab in the top left corner on www.abaretirement.com.
The Program truly is a different kind of retirement plan. Take advantage of the many tools and services available to help you plan for a more secure future.
1 Financial Advisors are Investment Advisor Representatives of, and offer securities and investment advisory services through, Voya Financial Advisors (VFA), Inc. (Member SIPC).
2 IMPORTANT: The illustrations or other information generated by the calculators are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. This information does not serve, either directly or indirectly, as legal, financial or tax advice and you should always consult a qualified professional legal, financial and/or tax advisor when making decisions related to your individual tax situation.
3 For more complex situations, your VFA Advisor can design a complete financial plan for a fee of up to $1,500. Neither the Financial Snapshot nor the full financial plan include investment recommendations for your plan account.
4 Advisory Services provided by Voya Retirement Advisors, LLC (VRA). VRA is a member of the Voya Financial (Voya) family of companies. For more information, please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement and the ABA Retirement Funds Program’s (the Program’s) Fact Sheet. These documents may be viewed online by accessing the advisory services link(s) through the Program’s website at www.abaretirement.com after logging in. You may also request these from a VRA Investment Advisor Representative by calling the Program’s information line at 800.348.2272. Financial Engines Advisors L.L.C. (FEA/Financial Engines) acts as a sub advisor for VRA. FEA is a federally registered investment advisor and wholly-owned subsidiary of Edelman Financial Engines, LLC. Neither VRA nor FEA provides tax or legal advice. If you need tax advice, consult your accountant, or if you need legal advice, consult your lawyer. Future results are not guaranteed by VRA, FEA or any other party, and past performance is no guarantee of future results. Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All other marks are the exclusive property of their respective owners. FEA and Edelman Financial Engines, L.L.C. are not members of the Voya family of companies. ©2019 Edelman Financial Engines, LLC. Used with permission.
5 An individual must also have a minimum of $5 in their account to be enrolled in advice.
6 If you are enrolled in Professional Management, selecting this link will take you right to the Overview tab.