Life Stage Investing

Life changes quickly, and your financial situation will change as well. Careful planning for each life stage is critical.

Life Stages

College Savings

Whether they want to grow up to be a farmer or a firefighter, as parents and grandparents we want to support them and their dreams, as best we can. Stop in and discuss various methods you can use to help your children and grandchildren, including:

Discussing the different plans available and uncovering what’s best for your family:

  • 529 Plans**
  • Coverdell Education Savings Accounts
  • UGMA & UTMA Custodial Accounts for Minors

Answer frequently asked questions:

  • Are there restrictions on schools?
  • Can I change the beneficiary?
  • Can a 529 plan affect my child’s chance of receiving Financial Aid?

To learn more about your tools for growing college savings, contact CFS* Financial Advisor Kristin Chim and schedule a complimentary, no-obligation appointment.

Email kristin.southmetro@cusonet.com or call 952-445-0888 ext. 719.

college savings

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

**Investors should consider investment objectives, risks, and charges associated with Section 529 plans prior to investing. Contact your investment representative or carrier for more information about municipal fund securities which is available in the issuer’s official statement or plan disclosure which should be read carefully prior to investing.

†For specific tax advice, please consult a qualified tax professional.

Life Insurance

Has your insurance kept up with the changes in your life? If you’re like most people you probably already own some life insurance. But is it still enough to cover all your needs? Have you thought about Long Term Care Insurance and Disability Insurance to cover you in case you’re sick or hurt and can’t work?

This may sound like its all gloom and doom, but it just takes a few minutes to uncover if you and those you love have enough coverage. Life insurance coverage through CFS* helps to ensure your family is protected.

Personal Needs:

  • Death before loan/debt repayment can be finished
  • Spouse outliving a life-only pension plan
  • Death before reaching personal goals the client wants funded
  • Retirement funding for spouse, child’s education
  • Disability Insurance
  • Long-term Care Insurance

Family Needs:

  • Death of a primary income earner
  • Final expenses
  • Education
  • Support of parents

To learn more about your life insurance options, contact CFS* Financial Advisor Kristin Chim and schedule a complimentary, no-obligation appointment.

Email kristin.southmetro@cusonet.com or call 952-445-0888 ext. 719.

Life Insurance options

*Insurance products and services are offered through CUSO Financial Services, Inc. (“CFS”). Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, or not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are licensed through CFS. The credit union has contracted with CFS to make certain insurance products and services available to credit union members.

Estate Planning

Estate planning can be a crucial part of financial planning. You have to think not only about your goals today, but also for future generations. Once you have planned retirement and invested wisely, it’s time to focus on how your assets will be managed after your death.

We’re here to answer all your questions and can help you create a plan, so you can feel confident your assets are distributed the way you desire. Whether your estate is large or small, there are many issues to consider in creating an estate plan, let CFS* Financial Advisor Kristin Chim help you uncover:

  • What are your assets and their approximate value?
  • Where will your assets go when you pass away?
  • Who will take care of your finances when you are no longer able to do so?
  • Who should be responsible for taking care of your children if you become unable to care for them yourself?
  • Who should make decisions on your behalf if you become unable to care for yourself?
  • What do you want done with your remains after you die?

For more help with estate planning, contact CFS* Financial Advisor Kristin Chim and schedule a complimentary, no-obligation appointment.

Email kristin.southmetro@cusonet.com or call 952-445-0888 ext. 719.

estate planning

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
†For specific tax advice, please consult a qualified tax professional.

Create a Financial P.L.A.N.

The road to financial freedom can be often be more easily obtained by those who follow a plan created to help them reach their specific investment goals. Let Kristin Chim, our CFS* Financial Advisor, help you take the first steps toward building a confident financial future, by designing a P.L.A.N.

Pay yourself first

  • Promise yourself to take advantage of your employer’s retirement plan, whether it’s a 401(k), a 403(b), or any other kind of contributory plan.
  • Consider Dollar Cost Averaging†, instead of investing assets in a lump sum, frequently investing smaller amounts can be more practical for many and can help lower the average cost per share.

Live within your means

  • Promise to pay off your credit cards. Credit card debt is the number one reason most people can’t get ahead. Paying the minimum balance due on a $10,000 credit card balance with an 11% interest rate could take 20 years to pay off.
  • It’s often more rewarding to save for something vs. putting it on a card and getting stuck with payments. If you can’t afford it, think twice about buying it.
  • Financial fitness is a commitment, a lifestyle, similar to going to the gym and eating right.
Financial Plan
Financial PLAN

Assure your family’s stability

  • Write or update your will. Wills are not just for the rich. Regardless of how much or how little money you have, a will may ensure that whatever personal belongings and assets you have will go to beneficiaries you designate.
  • If you have children, a will allows you to appoint a guardian for them in the event of your death.
  • Life events such as buying a home or having a child could change the amount of life insurance coverage a family needs. It is important to work with a financial professional to assess the amount of coverage that is right for you and your family.

Never stop learning

  • Write down your financial goals, this is your road map to financial freedom.
  • Working with a financial advisor can keep you up to date with new investment opportunities available.
  • Regular reviews can help keep your investment choices on pace with your needs based on risk tolerance and time horizon.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
†For specific tax advice, please consult a qualified tax professional.

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