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Home Articles posted by Cuso FMC

Understanding IRAs

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits. IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) or other plan at work, you should also consider investing in an IRA. What types of IRAs are available? The

Investment Planning: The Basics

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

Why do so many people never obtain the financial independence that they desire? Often it’s because they just don’t take that first step–getting started. Besides procrastination, other excuses people make are that investing is too risky, too complicated, too time consuming, and only for the rich. The fact is, there’s nothing complicated about common investing

Understanding Social Security

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

Approximately 60 million people today receive some form of Social Security benefits, including retirement, disability, survivor, and family benefits. (Source: Fast Facts & Figures About Social Security, 2016) Although most people receiving Social Security are retired, you and your family members may be eligible for benefits at any age, depending on your circumstances. How does

Understanding Risk

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

Few terms in personal finance are as important, or used as frequently, as “risk.” Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their focus is on the historical price volatility of the asset or investment under discussion. Advisors label as aggressive or risky an investment

How can you get an estimate of your future Social Security benefits?

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

Knowing how much retirement income you might receive from Social Security may help you decide when to begin claiming benefits, and how Social Security might fit into your overall retirement income plan. One way to get an estimate of your future Social Security benefits is to use the benefit calculators available on the Social Security

Should I invest in a Roth IRA or a traditional IRA?

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

There is no easy answer to this question. Traditional IRAs and Roth IRAs share certain general characteristics. Both feature tax-deferred growth of earnings and allow you to contribute up to $5,500 in 2017 (unchanged from 2016) of earned income, plus an additional $1,000 “catch-up” contribution if you’re 50 or older. Both allow certain low- and

Annuities and Retirement Planning

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That’s true for many people, but what if you’ve maxed out your contributions to those accounts and want to save more? An annuity may be a good investment to look into. Get the lay of the

Annuity Basics

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

An annuity is a contract between you, the purchaser or owner, and an insurance company, the annuity issuer. In its simplest form, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary. Life insurance companies first developed annuities to provide income

Closing a Retirement Income Gap

By Cuso FMC | Financial Articles | Comments are Closed | 31 October, 2017 | 0

When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won’t be enough to meet your needs. If you find yourself in

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*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, withdraw penalties, protection from creditors and legal judgements, required minimum distributions and possession of employer stock.
CFS representatives do not provide tax or legal guidance. For such guidance please consult with a qualified professional, information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.

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