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.


How does the RBFCU Freedom Retirement Plan compare?

 

RBFCU Freedom Retirement Plan

Annual fee$3
Asset-based management fee1.06%
Sales chargeNone
Transfer feesNone

 

 

Know your choices when planning your retirement

403(b) Tax-Sheltered Account (TSA)

403(b)

• Tax-Sheltered Plan 
• Pre-tax contributions
• Reduces your taxable income
• Taxes are deferred until withdrawn

Roth 403(b) Tax-Sheltered Account (TSA)

Roth 403(b)

• Tax-Sheltered Plan 
• After-tax contributions
• Does not reduce taxable income
• Allows earnings to grow tax-free

Group of people in a 457(b) plan

457(b)

• Deferred Compensation Plan (DCP)
• Pre-tax contributions
• Reduces your taxable income
• Taxes are deferred until withdrawn

Group of people in a Roth 457(b) plan

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:

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?
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    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.

Investment products are not federally or NCUA-insured, 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 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.

All products and services under the RBFCU Freedom Retirement Plan™ are offered through Nationwide, 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.

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.

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