Investing BasicsAutomated Account Services
Homestead Funds offers these automated services to save you time and paperwork.
The Automatic Investing Program: puts account funding on auto-pilot so you don’t have to remember to write and mail checks. You can establish a program of regular investments sent directly through payroll deposit or transferred automatically from your bank account. There is no charge to participate in this service and you can stop at any time.
Making regular investments over time can effectively average the total cost of shares purchased, but automatic investing does not ensure a gain or protect against a loss. You should consider your ability to continue making regular investments over time before enrolling in the program.
To sign up for this service, choose the situation that applies to you:
- Existing Account. To add automatic investing to an existing account, complete Section 2 of the Automatic Transactions Sign-Up Form.
The Automatic Exchange Service: is an easy way to more fully diversify your portfolio. Instead of moving to your target allocations all at once, make the move in a series of steps over time. To begin making automatic exchanges to and from existing Homestead Funds accounts, complete Section 3 of the Automatic Transactions Sign-Up Form.
The Automatic Redemption Program: allows you to set up periodic withdrawals. This program may be especially convenient for retirees looking to draw down their accounts to meet monthly cash flow needs. You can have your money transferred directly from the fund to your bank account, providing you with easy, convenient access to your money. To begin making automatic redemptions from your Homestead Funds accounts, complete Section 4 of the Automatic Transactions Sign-Up Form.
For more information about Homestead Funds' automated account services, read the Helpful Tips guide, Simplifying Account Management.
For information specific to your situation, consult a tax professional.
