Many people don’t realize the importance of investment planning to save money for your future and provide for your family. Put the work in now to plan and save for a better future.
Investment planning is one of our specialties at TopLine Federal Credit Union. Our helpful financial advisors are able to help you create a plan for your future and keep track of it. There are three primary aspects of life where investment planning is key – whether you work with a financial advisor or not:
When it comes to planning for a college fund, there are three things to remember: start early, pick a balanced low-cost portfolio of stocks and bonds, and aim to spend it down sensibly over time.
You have 30-40 years to plan for retirement, while most people only have 18-20 years to plan for a college fund, and through much of that time, your parents are making plans for you. There are ways that you can be extremely strategic and smart when it comes to planning like taking advantage of tax breaks and knowing when it’s the right time to be aggressive and when it’s the right time to scale back. Such planning can be difficult alone, which is where a TopLine financial advisor can help you maximize your potential.
Estate planning is very important. Unexpected things can happen and, especially if you are a parent of little ones, outlining what happens to your estate and your children is crucial, otherwise, the government will decide. Simply put: if you want your estate and loved ones are taken care of once you can no longer do it, you should create an estate plan.
Now more than ever, it’s important to take your retirement fund and planning into your own hands. The population is aging, which means more and more people depend on the social security system, while fewer and fewer contribute to it. Additionally, as we age there tends to be an increased risk for large unplanned medical bills. Let one of our financial advisors assist you with planning for your retirement will help you ensure that you’re able to save for retirement, no matter your income.