When planning for your financial future, it’s important to set specific goals. Below are five goals that we can help you work toward.
RETIRING WITH COMFORTABLE SAVINGS
Many people want to retire with enough savings to have a secure and comfortable retirement with their loved ones. It’s never too early to put together an investment strategy with a financial professional to make this goal a reality.
HAVING ACCESSIBLE CASH FLOW
It’s important to know how much cash you have to ensure you have sufficient liquid assets available to you during retirement. While stocks, bonds, 401(k)s and other investment options are important aspects to your investment portfolio, managing cash flow is also extremely vital.
Taking one or two vacations a year or visiting family and friends is a common future goal. Having savings to draw from instead of using a fixed monthly income can help you continue to travel in your golden years.
MAINTAINING YOUR FAMILY HOME
Your home is a place where you’ve made many family memories, and it’s reasonable to want to continue living there as you look toward the future. In order to do so, you should work with a financial professional to plan for expected fixed costs and unexpected costs that may arise.
PASSING ON GIFTS TO YOUR FAMILY
Income tax basis is an important consideration to keep in mind when deciding when to transfer gifts to your beneficiaries. A financial professional can help you determine whether you can afford to transfer a gift now, what the marginal income tax rates are for you and the recipient, and if transferring gifts can reduce your combined gift and estate taxes.
A financial professional can assess your financial goals and help you create a roadmap for your future. Contact Jonathan Delp, a financial professional located at Point Breeze Credit Union, today for a no-cost, no obligation consultation.
Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/ NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CBSI-2309086.2-0320-0422