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 CFS* financial advisors will meet with you to uncover your needs and long-term goals, and then help you build a financial plan, that will help you to uncover:
When you’re in your 50s, retirement planning is more important than ever, especially considering many of us can expect to live into our 90s.
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:
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:
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 or Scott.
Everyone should look closely at their funds. If you have IRAs, 401(k)s and pension plans in multiple locations, 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:
*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. New England Federal 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.