Guided Pathways® - Advisory Services
Professional Investment Advice for your Retirement Account
Available in your ICMA-RC retirement accounts and Vantagepoint IRAs, Guided Pathways offers three levels of professional investment advisory services that help you decide:
- How much to save for retirement.
- How to invest what you save.
- When you can retire.
- How to take withdrawals from your accounts.
To make sure the advice is customized to you, Guided Pathways can take into account all the investments you own, including those of a spouse, and expected pension and Social Security income. The more information you provide, the better the advice.
All three Guided Pathways services help you transition from building up your savings to drawing them down. At the time you retire, Guided Pathways will provide you with personalized projections designed to help make your retirement income last over your life expectancy, both at an aggregate level and detailed by each of your sources of retirement income (e.g., ICMA-RC accounts, Social Security, pensions). For more information about Managed Accounts in retirement, visit www.icmarc.org/maretire.
|Level of Service||How it Works||Your Role||Cost|
|Select your investments and manages your account for you. Reviews your account each quarter to ensure the current investments mix is right for you.||You are encouraged to provide updated information to us as your circumstances change and we will send you periodic reminders along the way.||A fee is charged against your account assets, based on your average daily balance, and deducted from your account monthly. There are no paycheck deductions or bills to deal with.1|
|Recommends which specific funds you should select.||You are responsible for implementing and then monitoring and adjusting your investments mix over time.||Cost: $20 per year1|
|Recommends how to divide your account among different types of assets, such as stocks and bonds.||You are responsible for selecting and purchasing the specific investments options, and then monitoring and adjusting them over time.||Cost: Free1|
1Underlying mutual fund expenses and plan administration fees still apply. Please consult the current applicable prospectus and Making Sound Investment Decisions: A Retirement Investment Guide for a description of these fees and expenses.
Investment advice and analysis tools are offered to participants through ICMA-RC, a federally registered investment adviser. Investment advice is the result of methodologies developed, maintained and overseen by the Independent Financial Expert, Morningstar Investment Management LLC. Morningstar Investment Management LLC is a registered investment advisor and subsidiary of Morningstar, Inc. Morningstar, Inc. and Morningstar Investment Management LLC are not affiliated with ICMA-RC. All rights reserved. The Morningstar name and logo are registered marks of Morningstar, Inc.