ASK A FINANCIAL PLANNER
To get started, you’ll need to set lifestyle goals for your retirement. At what age do you see yourself retiring, and what would you like to do? You’ll need to account for basic living expenses (food, utilities, transportation, etc.), the cost of a mortgage you may still be paying off, or the cost of funding your child’s education, which may happen well into retirement. Finally, be realistic about how many years of retirement you’ll have to fund. With people living longer, your retirement could span 30 years or more.
Next, project your annual retirement income and see if that income will be enough to meet your expenses. Common sources of income you may have during retirement are Social Security benefits, pension payments, distributions from retirement plans (e.g., IRAs and 401(k)s) and dividends and interest from investments.
SESLOC members have access to our knowledgeable CFS* Financial Advisor, offered through SESLOC Wealth Management »
Prepared by Broadridge Investor Communication Solutions, Copyright 2019.
SESLOC Wealth Management is provided through our relationship with CUSO Financial Services, L.P. (CFS)* an Independent Broker-Dealer and SEC Registered Advisor formed for the express purpose of serving Credit Union member’ investment and financial planning needs.
*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 adre not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including potential loss of principal. Investment Representatives are registered through CFS. SESLOC has contracted with CFS to make non-deposit investment products and services available to credit union members. CFS and its representatives do not provide tax advice. For specific tax advice, please consult a qualified tax professional.