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INVESTMENT OPPORTUNITIES

RETIREMENT PLANNING

Is your retirement plan working for you?

Saving for retirement is one of the most important financial challenges you face, and you want to make sure that your plan still fits your needs and circumstances.

Now's the time to review every aspect of your retirement situation.

Start with basic retirement goals. For example, do you still plan to retire at normal retirement age, or earlier or later? Many older people now see themselves working beyond normal retirement age, at least part time, out of either financial necessity or simply because they want to continue working. Changes in your retirement timeline will make a lot of difference about how much you need to save and how you invest.

It's also important for you to examine your monthly household spending to see if there's a way to put more money toward retirement. Even increasing your monthly contributions to a tax-deductible retirement plan by as little as two or three percent can make a tremendous difference over the years.

Of course, some of the stock investments in your portfolio may have changed the balance of your overall portfolio mix dramatically. So, as you near or enter retirement, you may want to change the balance of your portfolio to reflect your need for more investment income and less growth.

If you belong to an employer-sponsored retirement plan to which you contribute, such as a 401(k) or 403(b) plan, it's important to review your plan at least once a year.

Another important review to perform now is whether it might be beneficial to open a Roth IRA, in which contributions are not tax-deductible, but earnings and withdrawals are tax-free. Depending on your circumstances, it may be feasible to convert funds from a traditional IRA into a Roth, or at least open a Roth for future IRA contributions.

Your CFS* Financial Advisors at CommunityAmerica Credit Union, are here to help answer your questions, and make sure you're aware of the options available to you.

The most important step is to start planning today by contacting a CFS* Financial Advisor. Our CFS* Financial Advisors are dedicated career professionals carefully selected and trained to serve credit union members.

Remember, we want you to have confidence in your CFS* Financial Advisor to act in your best interest –– which means you can expect our advice to be objective, fair and honest.

We invite you to call your CFS* Financial Advisor today, so we can begin working with you to help develop the right retirement plan for you.

* Investments and investment advisory services offered through CUSO Financial Services, L.P. (CFS), an independent broker-dealer and SEC Registered Investment Advisor are Not NCUA/NCUSIF insured, are Not credit union guaranteed and May lose value. CommunityAmerica Credit Union is affiliated with CFS. Financial Advisors are employees of CommunityAmerica Credit Union and registered through CFS. (Member FINRA/SIPC)