Category Archives: Your Future

You’re Invited! Complimentary Retirement Income Planning Seminar on April 18

Are you interested in rolling over an investment account? Do you have questions regarding your current or future investments or retirement planning? On Thursday, April 18, 2013, Consumers Credit Union’s South Washington office is hosting a complimentary Retirement Income Planning Seminar at 6:00 pm to help you think through the above questions. The seminar will be presented by Mike Smeenge, a CFS* Financial Advisor at Consumers Credit Union. With a background in business and finance and a solid commitment to the financial well-being of each member, Mike is ready to help with retirement planning, educational planning, and investment management. Come learn about Rollover IRAs and ask your questions about your own retirement plans. To reserve your seat, please register here. *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 … …continue

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Can a Home Equity Loan Help You Prepare for Retirement?

As you approach retirement, you may wonder whether you’ve secured enough savings to live comfortably when no longer working—and you wouldn’t be the only one. Nearly half of Baby Boomers plan to use home equity as a means to ensure a secure financial future once they’ve retired, according to Ameriprise Financial’s recent Retirement Check-In survey. The most important step you can take toward securing a comfortable retirement is to start planning now. Consumers’ unique Silver Lining Lending program can help. Silver Lining Lending is a unified approach to finances that consolidates your loans with a competitively-priced home equity product—specifically designed for the changing budgetary needs of members approaching retirement. By reducing the number of loan payments they’re making, Silver Lining Lending enables members to save money in interest charges, while potentially increasing their cash flow. It also removes some of the stress associated with retirement planning by positioning the member’s … …continue

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You’re Invited! Complimentary Long-Term Care Seminar on March 28

Who’s going to take care of you as you age? Your spouse? Your children? The government? On Thursday, March 28, 2013, Consumers Credit Union’s Gull Road office is hosting a complimentary Long-Term Care Seminar at 6:00 pm to help you think through the above questions. The seminar will be presented by guest speaker, Dennis V. Rinner, CFP, one of the most sought after speakers on Long-Term Care. Rinner will discuss the risks associated with losing your savings and assets to Long-Term Care and Health Expenses. Attendees will also learn: What Medicare, Medicaid, and private health insurance will and won’t cover How to secure your financial future in advance of a catastrophic illness Ways you can minimize the impact of health issues that occur before or during retirement How to safeguard your loved ones from the expense and burden of providing care should you become disabled Strategies to help you maintain … …continue

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Last Call for Dollars for Scholars Applications!

Each year Consumers Credit Union provides support to members who are furthering their education, because we believe in contributing to the well-being of our membership. In 2013, Consumers will be awarding $500 and an iPad to 20 scholarship winners who are Consumers members and graduating high school seniors. The deadline to apply is fast approaching. Submit your application online by March 15!

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Set a Goal. Make a Plan. Save Automatically.

Here at Consumers, we’re participating in America Saves Week by bringing you great savings tips from around the web. This article is courtesy of Katie Bryan, America Saves Communications Manager. The theme for America Saves Week 2013 is more than just a theme; it’s is the essence of a sound approach to savings, designed to help individuals take financial action. Set a Goal. Make a Plan. Save Automatically. Knowing what you want to save for, how to achieve it, and then making the savings process automatic will allow you to reach your savings goal. Set a Goal You can save more by having a goal in mind. Visualizing what you want to save for gives your savings a purpose. You may be tempted to withdraw from your savings if it has no purpose. But once you have a goal in place, you know that taking money out of your savings … …continue

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How To Help Aging Parents Financially

As you parent ages it is important to talk to them about their financial situation and plan for the long term financial care. Below are a few tips on how to prepare and aid your parents financially. Organize important financial documents. One of the easiest ways to help your parents financially is too help them organize all of their important financial documents like last wills, Social Security cards, birth and marriage certificates, life, health and property insurance policies, and mortgage information. Be sure to store these documents in a safe or safety deposit box that you have access to. It may also be a good idea to know your parents’ PINs and account numbers to their bank accounts and where they keep their money in case you need to access it in an emergency. Discuss their living situation. Talk with your parents about where they live and what their plan … …continue

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Protect Your Family’s Financial Future

We often talk about budgets and saving—habits that influence our current and short-term financial status. As uncomfortable as it may be, we also need to evaluate our worst-case scenario plans, like wills, life insurance, power of attorney, and living wills. With such planning, we can ensure that we’re protecting our families and those we’re closest with from financial stress during difficult times of grief. Chanel Reynolds is one person advocating that we get our planning done in case something happens. She recently told her story to The New York Times. In the days and months after her husband died suddenly in a biking accident, she spent many hours reassembling her finances and worried that she wouldn’t be able to provide for her family on her own. The will she and her husband had written had never been signed. They had little savings, and she didn’t know all of their account … …continue

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Let Consumers Investment Services* Help You Roll with the Punches

Changing jobs or retiring? Need to roll over a 401(k)? Let Consumers Investment Services*, available through CUSO Financial Services, L.P. (CFS)*, assist you. Why a rollover account? If you leave a company’s employment and have a 401(k) plan, and are not yet 59 1/2 years old, you should take time to consider what to do with your funds. If you don’t handle your 401(k) account correctly, you could incur unwanted taxes and penalties. Our CFS* Financial Advisors can assist with an IRA rollover by helping you develop an investment plan that meets your needs; assist with the paperwork for your 401(k) rollover; and, if needed, contact your retirement plan sponsor to move your eligible retirement plan assets. Your 401(k) provides a powerful benefit: tax-deferred growth of earnings. When you properly rollover your 401(k) to an IRA/ Rollover account, you continue its tax deferral benefit. And, since you don’t need to … …continue

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New Job? Maximize Your Savings

Starting a new job is the perfect time to reevaluate your savings. It might seem that the change in paycheck is the factor most likely to impact your financial life, but that’s not all that you should be taking into account. Read on for our tips to help you maximize your savings as you transition into your new role. Adjust Your Budget Go through your budget to identify any expenses that will change with your new job. Are you going to need to upgrade your wardrobe? Has your commute increased or decreased (and with it your transportation expenses)? Will you be more likely to eat out because you won’t have time or energy to prepare meals? How does your new health insurance compare to your old policy? All of these items will affect how much of your paycheck you’ll be able to save. Take Advantage of Employer Benefits This advice … …continue

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What Will Your Retirement Look Like?

A satisfying retirement doesn’t happen by accident. Like anything important in life, it takes planning. The Financial Advisors at Consumers Investment Services, available through CUSO Financial Services, L.P.* can help to make your retirement dreams a reality. We will help you define your retirement goals. At what age will you retire? Where will be and what will you be doing? We will help you to analyze how you are doing towards meeting your goals. Are you saving enough, minimizing the effect of taxes and investing properly? We will help you to put together a plan to make up for any shortfalls that might be identified. And we will work with you regularly to help you stay on track. Call us at 800.991.2221 for your complimentary retirement planning consultation. *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 … …continue

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