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Nevada deferred comp plan adds fixed-income fund to investment options
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Nevada Public Employees Deferred Compensation Program, Carson City, will add the Sterling Capital Total Return Fund to the investment options lineup of its $1 billion 457 plan.
The program s committee approved the addition of the active intermediate-term fixed-income fund managed by
Sterling Capital Management at its March 2 meeting, said Rob Boehmer, executive director.
The plan s investment consultant, Hyas Group, conducted a shortlist search because it had recommended adding an actively managed fund to the plan s fixed-income lineup. As of Dec. 31, the plan offered the Vanguard Total Bond Market Index Fund.
As of that same date, the plan had 11 individual investment options, a target-date fund lineup managed by Vanguard Group and a self-directed brokerage account. Voya Financial is the plan s record keeper.
Editor s note: A version of this article was originally published on March 28, 2019. It is part of Morningstar s Tax and IRA Guide special report.
As of today, you have a little more than a month and a half to contribute to an IRA for the 2020 tax year.
Of course, the heaviest lift in funding an IRA is finding the money to invest: While your 401(k) contributions likely go into your account on autopilot, most of us don’t have an extra $6,000 or $7,000 (the 2020 IRA contribution limits for savers under/over 50, respectively) lying around. It’s no wonder so many people rush in their contributions at the last possible minute, just before their tax-filing deadlines. (Bear in mind that you can make smaller contributions than the full contribution amount.)