Planning for Retirement

Life changes quickly, and your financial situation will change as well. Planning for retirement is important no matter your age or financial position.

Planning for Retirement

Saving for Retirement

Many of us look forward to the day when we’ll be spending time with the grandkids rather than sitting in traffic on the way to the office. However, retirement does not simply begin at 65; it’s a journey that begins today.

At South Metro Federal Credit Union, our CFS* Financial Advisor* will meet with you to uncover your needs and long-term goals, then build a complimentary financial plan, to help you to uncover:

  • Which investment strategy is appropriate for you, your family, and your future
  • Review various asset allocation models and investment vehicles used to build a nest egg
  • Your risk tolerance and time horizon
  • Help you understand the ups-and-downs of the market and how they may affect your long and short-term goals

For more information, 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.
 
Before deciding whether to retain assets in an employer-sponsored plan or roll over to an IRA, an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
 
†For specific tax advice, please consult a qualified tax professional.

Account Consolidation

In or nearing retirement, everyone should begin to look closely at their funds. If you have IRAs, 401(k)s and pension plans scattered all over, you may want consider consolidating your accounts. Your South Metro CFS* Financial Advisor can answer your rollover questions and find ways to:

  • Potentially save money on annual fees
  • Create opportunities to allocate, diversify, and rebalance in one portfolio
  • Offer valuable estate planning features
  • Simplify required minimum distributions
  • Provide access to one easy consolidated statement

To learn more about your 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.

Account Consolidation

*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.
 
Before deciding whether to retain assets in an employer-sponsored plan or roll over to an IRA, an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
 
†For specific tax advice, please consult a qualified tax professional.

If You’re Over 50…

When you’re in your 50s, retirement planning is more important than ever, especially considering many of us can expect to live well into our 90s. Let us help you to:

  • Create a Financial P.L.A.N.
  • Uncover the maximum contribution your allowed from your workplace retirement plan and Individual Retirement Accounts
  • Uncover ways to take advantage annual catch-up contribution provisions
  • Discuss ways to create multiple income streams

For more information, 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.

Income Strategies

Millions of Americans in retirement may be scrambling to find ways to make ends meet without the income from a full-time job, and trying to recover from recent market volatility.

Fortunately, there are several possible solutions available for those looking to increase their income during their non-working years. Stop and and let our CFS* Financial Advisor help you overcome several retirement income challenges and create a predictable income stream by:

  • Designing a retirement plan
  • Uncovering your basic expenses and discretionary expenses
  • Evaluating current sources of retirement income
  • Identifying potential gaps between income and expenses
  • Anticipating fixed and discretionary expenses in retirement
  • Positioning assets to generate income
  • Uncovering new sources of income

For more information, 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.

income strategies

*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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