ABA Retirement Funds (ABA/RF), an ISBA membership service provider of tax-qualified plan services to qualified legal professionals, has introduced five new investment options and a Roth 401(k) feature.

They are planned to meet the changing retirement planning needs of forward-minded investors who want to accumulate hassle-free retirement savings.

Retirement Date Funds are designed for investors who prefer managed fund options or lack the time to regularly monitor their investments. The new offerings are suitable for individuals who are uncomfortable with changing asset allocations over time to meet retirement goals.

Retirement Date Funds are rebalanced annually, based on an individual's selected retirement date to help manage portfolio asset allocation as retirement nears.

ABA/RF's other new offering, a Roth 401(k) feature, gives an investors the opportunity to make after-tax deferrals into an account and enjoy tax-free withdrawals after retirement. Qualifying distributions are also tax-free.

The Roth 401(k) may be a good choice for the investor who expects to be taxed at a higher rate in retirement, individuals whose income levels prevent them from contributing to a Roth IRA, and investors who plan to remain invested for at least five years.

Participants who want to further refine retirement savings strategy can receive objective advice from experienced financial planners through the CitiStreet Advisor Service. Representatives are available Monday through Friday from 8 a.m. to 8 p.m. (EST) at (800) 348-2272.

The ISBA-affiliated ABA Retirement Funds program is administered by State Street Bank and Trust, and includes plan administration, investment management and advice. For more information, call (877) 948-2272 or visit www.abaretirement.com.