CUB Investment Services has the investment resources and experience you need to guide you to a successful financial future.
Our Financial Advisors will work with you to recommend specific investments geared to help you achieve your financial goals.
CUB Investment Services offers an array of financial products designed to meet your investment and retirement needs. Our products and services are offered through our partner, Money Concepts, and include the following:
- Individual Stocks and Bonds
- Mutual Funds
- Money market funds
- Annuities and other insurance products
“To provide an independent, trusted advisor who delivers high-quality advice that leads to long-term client relationships and friendships.”
The Power of Independence
Our financial advisors offer completely independent financial advice to clients. Therefore, the securities and investments recommended by our advisors are entirely objective and unbiased.
What does This mean for You?
- Access to over 10,000 products from the leading financial services companies.
- We do not have or sell proprietary products.
- Personalized services from an independent financial advisor.
- An asset allocation that may reduce market risk while increasing your overall return.
- A team of individuals dedicated to fulfilling your financial needs.
Investment Services Guide
Whether you are making investment decisions for yourself or working with a financial advisor, managing your finances is an ongoing, interactive process. That process requires you to be fully knowledgeable about and involved in your decisions. It is important to create and maintain a plan that reflects your personal vision and your short and long-term financial goals. By taking the time to understand your financial situation in depth and developing proactive solutions to meet your specific needs, our team of tenured professionals will assist you in making sound financial decisions today to achieve success.
There are several steps in establishing and maintaining any sound financial plan:
Determining Your Needs
The first step in establishing a financial plan is creating a list of your short and long-term goals. Everyone who has aspirations for the future – such as buying a house or saving for a child’s education – needs a detailed plan to make those dreams a reality. However, effective financial planning is a process that first requires you to answer several important questions:
- What are you saving money for (I.e., car, house, college education, retirement), and how much do you want to save?
- What is your timeline for achieving these goals?
- What are your investment preferences?
- Do you consider yourself a conservative or an aggressive investor?
- How much control do you want to have over your investments?
- Are you comfortable delegating day-to-day investment decisions to a full-time manager?
Building Your Plan
After determining your needs, the next step in your investment strategy is building an investment plan. This involves choosing the specific investments that will help you best achieve your desired goals.
A variety of investment types, including stocks and bonds, life insurance, and annuities, may have a place in your overall plan. Therefore, it’s important to understand these options and how they can help you achieve success.
Before selecting the best mix of investments for your portfolio, you should consider several factors as you develop your overall investment strategy:
- The length of time you plan to invest your funds
- The availability of emergency cash
- Your preferred risk level for investment choices
- Your experience investing in different financial options
- Your current federal income tax rate
The plan you develop, either on your own or with your financial advisor, should provide the flexibility to meet your current goals and adapt to future changes.
Planning for Retirement
Retirement savings is an important consideration at every stage of your life, whether you are just embarking on a career, moving up the corporate ladder, or approaching your retirement.
This section provides an overview of important retirement considerations.
1. How much do you need to save?
You should be able to live comfortably on about 80% of your pre-retirement income. To calculate your retirement needs, you must consider the rate of inflation, rate of return, and the number of years until you retire.
2. Which investments will help you achieve your goals?
Two popular retirement vehicles are IRA’s and 401(k) plans. Both plans offer the opportunity for abundant savings, but you should consider their differences carefully before you invest.
- An IRA is self-directed and may be diversified and spread over various investments (I.e., mutual funds, equities, and bonds). Money Concepts offers choices in Traditional IRAs to suit your needs and Roth IRAs for investors who want to protect their savings for beneficiaries.
- A 401(k) is governed by your employer, with some self-direction allowed. Please speak with your benefits administrator to understand disbursement options.
3. How can you get the most from your savings after retirement?
A sound “withdrawal strategy” can help you minimize taxes and penalties on your retirement savings. When you start saving, choose your withdrawal options with care (you might not be able to change them later). Early retirement, lump-sum payments from employer plans, and required minimum withdrawals associated with some financial plans require know-how and planning to ensure that you maximize your return.
We can help you establish your goals, explore investment options to meet those goals, and discuss post-retirement finances.
Transferring Your Wealth
Your financial success allows you to pass your wealth on to family members and favorite charities. However, that same success also requires you to pay close attention to the impact such “wealth transfers” can have on your own financial picture.
With extensive research, strategic analysis, and thorough planning, your Advisor can help you achieve your wealth transfer goals while ensuring the integrity of your personal financial plan. In addition, our Financial Planners are knowledgeable in family wealth transfer, including family mission and estate planning, as well as charitable giving and gifting strategies.
Contact us today to explore your wealth transfer goals and the strategies that can help you achieve them.
If you are thinking about changing jobs or you have recently made a career move, it’s time to take a fresh look at your financial plan. Specifically, you should look at the funds in your employer-sponsored retirement plan account. Your decision about what to do with your money can have significant tax consequences.
Rolling over your money
You can transfer the money in your former employer’s plan to an Individual Retirement Account (IRA) or possibly to your new employer’s plan. To ensure that the rollover from your retirement plan account remains tax-deferred, you must deposit the entire amount in a new IRA or plan account within 60 days. You can avoid tax withholding and penalties by asking for a direct transfer or trustee to trustee transfer of your retirement account balance.
Leaving your assets in your current retirement plan account
You might be able to leave the funds in your former employer’s plan where they can grow, tax-deferred. Generally, you will still be able to choose your investments, but you won’t make additional contributions. Leaving your funds in the plan might be a good idea if you have significant assets invested and are comfortable with the investment choices offered.
Taking a lump sum
You can always take a lump-sum payout from your plan. However, not only would you owe taxes and possible penalties on the distribution, you would lose the future tax advantages of your retirement nest egg as well.
Contact our Investment services team today to see which option works best with your financial goals.
Investment and Insurance Products
CUB Investment Services offers its products as an Independent Contractor of Money Concepts International, Inc. Citizens Union Bank, and CUB Investment Services are not affiliated with Money Concepts.