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MSUFCU | Account Services | Financial Planning

Investment and Financial Planning

At Michigan State University Federal Credit Union, our goal is to provide our members superior financial solutions, comprehensive products, and unparalleled service.

 

The partnership you have with MSUFCU extends to MSUFCU Financial Solutions, an Investment and Insurance Service Center through our broker-dealer CUSO Financial Services, LP.
 

Whether you’re looking for overall financial guidance, assistance with a specific financial goal, help creating a comprehensive financial plan, or just getting a second opinion, we’re here to help.

 

To schedule a complimentary, no-obligation appointment, call 517-333-2424.




 

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. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to Credit Union members.

Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the Credit Union, and may involve investment risk including possible loss of principal.

Financial advising is beneficial at every stage of life. To schedule a complimentary, no-obligation appointment with a CFS Financial Advisor, call 517-333-2424, or visit any MSUFCU branch location.

 

Creating a Financial Plan


The road to financial freedom can often be more easily obtained by those who follow a plan created to help them reach their specific investment goals. Let our CFS* Financial Advisor, help you take the first steps toward building a confident financial future by designing a P.L.A.N.
 
How to Create a Financial P.L.A.N.
 
Pay yourself first

  • Take advantage of your employer's retirement plan, whether it's a 401(k), a 403(b), or any other kind of contributory plan.
  • Consider Dollar Cost Averaging† instead of investing assets in a lump sum. Frequently investing smaller amounts can be more practical for many and can help lower the average cost per share.

Live within your means

  • Promise to pay off your credit cards. Credit card debt is the number one reason most people can't get ahead. Paying only the minimum amount due on a $10,000 credit card balance with an 11% interest rate could take 20 years to pay off.
  • It's often more rewarding to save for something vs. putting it on a card and getting stuck with payments. If you can't afford it, think twice about buying it.
  • Financial fitness is a commitment and a lifestyle, similar to going to the gym and eating right.

Assure your family's stability

  • Be sure to write or update your will. Regardless of how much or how little money you have, a will may ensure that whatever personal belongings and assets you have will go to the beneficiaries you designate.
  • If you have children, a will allows you to appoint a guardian for them in the event of your death.
  • Life events such as buying a home or having a child could change the amount of coverage a family needs. Work with a financial professional to assess the amount of coverage you and your family may need.

Never stop learning

  • Write down your financial goals; this is your road map to financial freedom.
  • Work with a financial advisor to keep up to date with new investment opportunities available to you and your family.
  • Regular reviews can help keep your investment choices on pace with your needs and preferences.

 

Retirement Planning


Many of us look forward to the day when we’ll be spending more time with the grandkids instead of sitting in traffic on the way to the office. However, retirement does not simply begin at 65; it’s a journey that begins today.

 

At MSUFCU, our CFS* Financial Advisor, will meet with you to uncover your needs and long-term goals, then build a financial plan that will help you to uncover:

  • Which investment strategy is appropriate for you, your family, and your future
  • Review various asset allocation models and investment vehicles used to build a nest egg
  • Your risk tolerance and time horizon
  • A greater understanding of the ups and downs of the market and how they may impact your long- and short-term goals

 

Saving for College


Whether they want to grow up to be farmers or firefighters, as parents and grandparents we want to support them and their dreams, as best we can.

 

MSUFCU and our CFS* Financial Advisor, can help you do just that by:

 

Discussing the different plans available and uncovering what’s best for your family:

  • 529 Plans1
  • Coverdell Education Savings Accounts
  • UGMA & UTMA Custodial Accounts for Minors

Answering questions frequently asked by grandparents:

  • Will Medicaid count my grandchild’s 529 plan as a part of my assets?
  • Can I access the money in the event of an emergency?
  • Can a 529 plan impact my grandchild’s chance of receiving financial aid?

 

Life Insurance


Has your insurance kept up with the changes in your life?  If you’re like most people you probably already own some life insurance, but is it still enough to cover all your needs?  Have you thought about Long-Term Care Insurance and Disability Insurance to cover you in case you’re sick or hurt and can’t work?  

 

This may sound like it's all gloom and doom, but it just takes a few minutes to uncover if you and those you love have enough coverage. Let a CFS* Financial Advisor at MSUFCU, help to ensure your family is protected.

 

 Personal Needs:

  • Death before loan/debt repayment can be finished
  • Spouse outliving a life-only pension plan
  • Death before reaching personal goals the client wants funded
  • Retirement funding for spouse
  • Child’s education
  • Disability Insurance
  • Long-Term Care Insurance

Family Needs:

  • Death of a primary income earner
  • Final expenses
  • Dependent income
  • Education
  • Family goals
  • Support of parents
  • Wealth transfer/preservation
     

Estate Planning


Estate planning can be a crucial part of financial planning. You have to think not only about your goals today, but also for future generations. Once you have planned retirement and invested wisely, it's time to focus on how your assets will be managed after your death.

 

At MSUFCU, our CFS* Financial Advisor can help answer all your questions and help you create a plan, so you can feel confident your assets are distributed the way you desire.

 

Whether your estate is large or small, there are many issues to consider in creating an estate plan. Let them help you uncover:

  • What are your assets and their approximate value?
  • Where will your assets go when you pass away?
  • Who will take care of your finances when you are no longer able to do so?
  • Who should be responsible for taking care of your children if you become unable to care for them yourself?
  • Who should make decisions on your behalf if you become unable to care for yourself?
  • What do you want done with your remains after you die?

 

Consolidating Retirement Accounts


In or nearing retirement, everyone should begin to look closely at their funds. If you have IRAs, 401(k)s and pension plans scattered all over, you may want to consider consolidating your accounts. At MSUFCU, our CFS* Financial Advisor can help you! Our Advisor is here to answer your rollover questions and find ways to:

  • Potentially save money on annual fees
  • Create opportunities to allocate, diversify, and rebalance in one portfolio
  • Offer valuable estate planning features
  • Simplify required minimum distributions
  • Provide access to one easy consolidated statement

 

Retirement Planning Over 50


When you’re in your 50s, retirement planning is more important than ever, especially considering many of us can expect to live well into our 90s.

 

At MSUFCU, our CFS* Financial Advisor can help you create a financial P.L.A.N. and uncover ways to catch up by:

 

  • Creating a Financial P.L.A.N. (Pay yourself first, Live within your means, Assure your family's stability, and Never stop learning)
  • Helping you uncover the maximum contribution allowed from your workplace retirement plan and Individual Retirement Account
  • Uncovering ways to take advantage of annual catch-up contribution provisions
  • Discussing ways to create multiple income streams

 

Income Strategies in Retirement


Millions of Americans in retirement may be scrambling to find ways to make ends meet without the income from a full-time job while also trying to recover from recent market volatility.

 

Fortunately, there are several possible solutions available for those looking to increase their income during their non-working years. At MSUFCU, our CFS* Financial Advisor can help you overcome several retirement income challenges and create a predictable income stream by:

  • Designing a retirement plan
  • Uncovering your basic expenses and discretionary expenses
  • Evaluating current sources of retirement income
  • Identifying potential gaps between income and expenses
  • Anticipating fixed and discretionary expenses in retirement
  • Positioning assets to generate income
  • Uncovering new sources of income

 

Financial advising is beneficial at every stage of life. To schedule a complimentary, no-obligation appointment with a CFS Financial Advisor, call 517-333-2424, or visit any MSUFCU branch location.

 

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.  Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

 

Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. 

 

1 Investors should consider investment objectives, risks, and charges associated with Section 529 plans prior to investing. Contact your financial advisor or 529 carrier for more information about municipal fund securities, which is available in the issuer’s official statement or plan disclosure which should be read carefully prior to investing.

 

† Dollar cost averaging, A systematic investment plan does not assure a profit and does not protect against loss in declining markets.  Such a plan involves continuous investment, so investor should consider financial ability to continue purchases through periods of low price levels.



 

MSUFCU Routing Number: 272479663
MSUFCU SWIFT Code: MSUCUS44

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