Tag: Wealth Management

SESLOC Wealth Management is available through a partnership with CUSO Financial Services, L.P. (CFS) an Independent Broker-Dealer and SEC Registered Investment Advisor formed for the express purpose of serving Credit Union member’s investment and financial planning needs.

How Long Should I Hang On To An Investment

How Long Should I Hang On To An Investment?

ASK A FINANCIAL PLANNER You’ll want to hang on to an investment as long as it meets your objectives. Is it likely to continue to perform as well as or better than comparable investments? Is it still appropriate for your age, risk tolerance and financial goals? Evaluating your investments once or twice a year will… Read more »

How Can I Gauge My Risk Tolerance?

How Can I Gauge My Risk Tolerance?

ASK A FINANCIAL PLANNER All investments come with some level of risk, and if you’re planning to invest your money, it’s important to be aware of how much volatility you can endure. Consider the following factors: Personality: Are you comfortable putting a portion of your hard-earned dollars at risk in a particular investment? It might be… Read more »

Plan for Retirement

I Think it’s Time to Start Planning for Retirement. Where Do I Begin?

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… Read more »

Changes to Retirement Limits

Are There Any Changes to IRA and Retirement Plan Limits for 2020?

ASK A FINANCIAL PLANNER Many IRA and retirement plan limits are indexed for inflation each year. On November 6, 2019 the IRS (Notice 2019-59) announced the inflation-adjusted numbers for 2020. The maximum IRA contribution for 2020 is $6,000, unchanged from 2019 (the catch-up limit for those 50 and older also remains unchanged at $1,000). However,… Read more »