Life Stage Investing

Creating a Financial P.L.A.N

The road to financial freedom can be short and sweet for those who follow a road map or a long and daunting path for those who fail to make a plan. Let Brad Schwab our CFS* Financial Advisor, help you take the first steps toward building a confident financial future, by creating a road map to your financial freedom, and designing a P.L.A.N.

How to Create a Financial P.L.A.N.

Pay yourself first

  • Promise yourself to 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, this may help to spread the cost basis out over several years, possibly providing insulation against changes in market price.

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 the minimum balance 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, a lifestyle, similar to going to the gym and eating right.

Assure your families stability

  • Write or update your will. Wills are not just for the rich. 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 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.

  • Working with a financial advisor can keep you 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 based on risk tolerance and time horizon. 

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

Retirement Planning

Many of us look forward to the day when we’ll be spending time with the Grandkids and not time 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 Widget Financial, our CFS* Financial Advisor, Brad Schwab, will meet with you to uncover your needs and long-term goals, then build a complimentary 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
  • Help you understand the ups-and-downs of the market and how they may affect your long and short-term goals

To learn more about retirement planning, contact Brad Schwab today to schedule a free, no-obligation appointment. 

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

Saving for College

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

Widget Financial and our CFS* Financial Advisor, Brad Schwab, can help you; help your children and grandchildren by:

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

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

Answering frequently asked questions by Grandparents

  • Will Medicaid count my Grandchild’s 529 plans as a part of my assets?
  • Can I access the money in the event of an emergency?
  • Can a 529 plan affect my grandchild’s chance of receiving Financial Aid?

To learn more about higher education planning needs, contact Brad Schwab today to schedule a free, no-obligation appointment.

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

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 it is 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 its all gloom and doom, but it just takes a few minutes to uncover if you and those you love have enough coverage,  let Brad Schwab, our CFS* Financial Advisor at Widget Financial 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
  • Ex. Retirement funding for spouse, child’s education
  • Tax-free income
  • 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

To learn more about life insurance and protecting your family, contact  Brad Schwab today to schedule a free, no-obligation appointment.

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

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 Widget Financial our CFS* Financial Advisor, Brad Schwab, can help you, he is here to answer all your questions and can 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 Brad 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?

To learn more about estate planning and protecting your family, contact Brad Schwab today to schedule a free, no-obligation appointment.

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

Consolidating Retirement Accounts

In or nearing retirement, everyone should begin to look closely at their funds. If you have IRA's, 401(k)'s and pension plans scattered all over, you may want to consider consolidating your accounts. At Widget Financial our CFS* Financial Advisor, Brad Schwab, can help you, he 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 
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: 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. Investment Representatives are registered through CFS. Widget Financial has contracted with CFS to make non-deposit investment products and services available to Credit Union members.

Retirement Planning Over 50

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

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

  • Creating a Financial P.L.A.N.
  • Helping you uncover the maximum contribution your allowed from your workplace retirement plan and Individual Retirement Accounts
  • Uncovering ways to take advantage annual catch-up contribution provisions
  • Discussing ways to create multiple income streams

To learn more about retirement planning over 50, contact Brad Schwab today to schedule a free, no-obligation appointment.

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

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, and 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 Widget Financial, our CFS* Financial Advisor, Brad Schwab, 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 

To learn more about generating income in retirement, contact Brad Schwab today to schedule a free, no-obligation appointment.

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