Retirement Planning

Plan For Retirement

Many of us look forward to the day when we will be spending time leisurely and not time at work. However, retirement does not simply begin at 65; it’s a journey that begins today. At NEFCU Financial Group, available through CUSO Financial Services L.P., our representative will meet with you to uncover your needs and long-term goals, and then build a complimentary financial plan, that will help you to uncover:

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


Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered brokerdealer (Member FINRA/SIPC) and 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 Retirement

When you’re in your 50s, retirement planning is more important than ever, especially considering many of us can expect to live into our 90’s. At NEFCU Financial Group, available through CUSO Financial Services L.P., our representatives can help you create a financial P.L.A.N. and uncover ways to catch up by:

  • Creating a Financial P.L.A.N. (Pay yourself first, Live within your means, Assure your family’s stability, and Never stop learning)
  • Helping you uncover the maximum contributions allowed from your workplace retirement plan and Individual Retirement Accounts
  • Uncovering ways to take advantage of annual catch up contribution provisions
  • Discussing ways to create multiple income streams

To learn more about retirement planning over 50, contact Jonathan.

Income Strategies

After all those years worrying about putting money into retirement accounts, now it’s time to find the best way to take money out, without running out. How can you help make your money last a lifetime?

Fortunately, there are several income strategies in retirement. At NEFCU Financial Group, available through CUSO Financial Services L.P., we help you create a predictable income stream and: 

  • Design a retirement plan
  • Identify basic expenses and discretionary expenses
  • Evaluate current sources of retirement income
  • Identify potential gaps between income and expenses
  • Anticipate fixed and discretionary expenses in retirement
  • Position assets to generate income 
  • Uncover new sources of income   


There are many strategies for spending down retirement savings. Often, a successful strategy may use a combination of approaches, to remain flexible. Considering the tax impact of different investment vehicles is important to incorporate into the planning, and should be reviewed regularly given the variability that can be expected in retirement spending.

To learn more about generating income in retirement, contact Jonathan.

Consolidating Accounts

Everyone should begin to look closely at their funds. If you have IRAs, 401(k)s and pension plans scatted all over, you may want to consider consolidating your accounts. At NEFCU Financial Group, available through CUSO Financial Services L.P., our representatives can help you. They are here to 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 consolidating your retirement accounts, contact Jonathan.