CHOICE. Self-Directed Brokerage Account thru Schwab Personal Choice Retirement. February, 2014

Transcription

1 CHOICE Self-Directed Brokerage Account thru Schwab Personal Choice Retirement February, 2014

2 Agenda About Schwab and PCRA What is PCRA Your Plan Basics Account Establishment, Transfers and Investment Options Managing PCRA Transaction Costs PCRA Tools and Resources Questions

3 Schwab Personal Choice Retirement Account * Your investment choices can include > More than 10,000 mutual funds from 400 of the nations' most popular fund companies INVESCO Fidelity Janus American > Money Market Funds > Investing with over 4,700 mutual funds > More than 2,700 no-load, no-transaction-fee funds 3

4 Schwab s PCRA Services include > Call center staffed with registered representatives Schwab s popular TeleBroker You may place trade orders day and night by calling Schwab's toll-free number. > Schwab website for PCRA Objective information Research tools Investment monitoring > Customization available

5 Schwab s PCRA Services include (continued) > Comprehensive listing of all available mutual funds > The Mutual Fund OneSource Select List A quarterly summary of historically high-performing funds > Prospectuses for any mutual fund you are considering > Mutual fund screener tools to help you plan and invest more knowledgably > Account funded with ease Account contributions Initial deposit Investment instructions Transfers 5

6 Schwab s PCRA Trading > Designed as an additional investment option in your company retirement savings plan. > You may transfer money between your PCRA and the other investment options offered by VALIC under the plan. > Once your PCRA is open and funded, it works like a regular brokerage account. > Withdrawal available provided your plan permits and you have sufficient funds in the Schwab Money Market Fund Withdrawals are made to VALIC s PCRA Customer Service Unit > All distributions must meet the requirement of your company s retirement plan and appropriate IRS rules. > Loans are not available; however, you can transfer funds from PCRA to other investments in your VALIC account in order to take a loan. 6

7 Schwab s PCRA at Retirement > When you are ready to retire, consider on of these retirement income options for your PCRA balance: Annuitization Systematic withdrawals Lump-sum cash payment Rollover IRA Tax-deferred annuity 7

8 Making changes to your account

9 Getting Started

10 Fees > Low participant cost $50 annually > Over 10,000 mutual funds offered through PCRA are available with no load or transaction fees Visit the PCRA Investments section of PCRA Resources on for a comprehensive list of funds available in PCRA > Commissions per Executed Electronic Trade for Stocks and Third Party Exchange Traded Funds (ETFs) $8.95 (broker-assisted trades are an additional $25) > Commissions per Executed Electronic Trade for ETFs (including Schwab ETFs ) participating in Schwab ETF OneSource are $0 (broker assisted trades are an additional $25) > For complete pricing details, visit the PCRA Overview section of PCRA Resources or to review the Charles Schwab Pricing Guide for Retirement Plan Accounts > Use Schwab s automated and electronic services to help reduce costs * 10

11 Strength in numbers More than $70 billion in general and separate account assets 25,000 clients and more than 2 million participants More than $5.0 billion of adjusted capital and surplus More than 58 years experience 99% retention

12 Questions THANK and YOU Answers

13 To view or print a prospectus, visit and click on eprint under Links to Login. Enter your Group ID in the Login field and click go. Click on "Funds" in Quick Links, and funds available for your plan are displayed. The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling The information in this presentation is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor. Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member FINRA and an SEC-registered investment advisor. VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. Copyright The Variable Annuity Life Insurance Company. All rights reserved. VALIC.com