New Digital Banking—Coming Soon! Digital Banking is currently unavailable while we finalize a new Digital Banking experience as part of our systems integration. We will email you after the new platform is live for you to explore the new features and functionality. In the meantime, visit our website to learn more about what to expect and how you can prepare for a smooth transition.
When you’re in your 50s, retirement planning is more important than ever, especially considering that many of us can expect to live into our 90s.
-The NFG Team
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
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 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.
The NEFCU Financial Group team is 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.
New Investment Seminars: Subscribe & Be Informed
Investments@NEFCU Financial Group is our way to keep you informed with current information.
Seminar Watch
Sign up now and we’ll add you to the list! Be one of the first to know about our workshops, retirement planning sessions, and when a new seminar is open for registration.
Announcements for workshops that help you make smart money decisions conducted by the CUSO Financial Services Advisor at NEFCU Financial Group, Jonathan Whitehouse
Reminders for IRS and other deadlines that affect you and your financial goals
Important information for those close to retirement age
Timely educational information about investing your money
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Investment Services and Retirement Planning Disclosures
*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.