TD Ameritrade Launches Independence ETFs
TD Ameritrade asks investors the question, “Thought about where you’ll be in 2040?” I am sure most investors have not, but TD Ameritrade has. Their new Independence ETFs won the award for the “Most innovative ETF product for Americans” at the 4th Annual Global ETF Awards and are now available for all TD Ameritrade clients.
Independence ETFs are funds setup that automatically adjust themselves over time to match your goal for retirement. TD Ameritrade explains further,
‘For example, the Independence 2040 ETF has over a 30-year time horizon, so it starts with an aggressive allocation of stocks. It then steadily moves to a more conservative allocation with bonds and CDs until 2040.”
As I read further it says that there are no annual fees for investing in the funds nor are there account minimums so any member can buy shares. You simply pay the standard TD Ameritrade commissions for investing in the fund and the rest is on the house.
There are currently Independence ETFs for 2010 (TDD), 2020 (TDH), 2030 (TDN), and 2040 (TDX). You can find out more at the TD Ameritrade website.
