Allegent Investment & Retirement Services Program

Is Your Retirement Plan on Track?

A Message from the Allegent Investment & Retirement Services Program

The Allegent Investment & Retirement Program is offered through CUNA Brokerage Services, Inc.®*, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group. For more information about CUNA Brokerage Services Inc., please visit cunabrokerage.com.

Do you know how much you can expect from social security in retirement or from any pension plan you have? Or how much you need to save to make up the shortfall in your desired retirement income?

Are you up-to-date on all the tax-favored* retirement savings options? Are your retirement investments adequately diversified?

Whether your retirement is far off or just around the corner, now’s the time to get answers to all these questions and to put your retirement plan on track. Here’s how to get started:

Estimate your retirement income expenses. The standard advice used to be that for each year in retirement you’d need about 70% to 80% of your pre-retirement income. But with longer life expectancy and more active retirement lifestyles, this traditional formula may leave you short. So take the time to make a more accurate estimate.

Make the most of your employer-sponsored retirement plan. If you have access to a tax-favored employer-sponsored retirement plan, such as a 401(k), a 403(b) plan, or a 457 governmental plan, make every effort to contribute the maximum allowed.

With these plans you don’t have to pay income taxes on the amount you contribute until you make withdrawals, and your earnings grow on a tax-deferred basis.

Contribute to an IRA. Boost your retirement savings by starting an IRA or adding to your existing one. With a Roth IRA, if you’re eligible to contribute and if you meet the specified withdrawal conditions, you can withdraw your earnings free from federal income tax. With a traditional IRA, you don’t have to pay income taxes on your earnings until withdrawal, and if you’re eligible, you can make tax-deductible contributions.

Invest Wisely. Evaluate your current investment mix and set your target asset allocation plan. Dividing your money among the different types of assets is a time-tested way to help reduce risk, as well as a way to smooth out your portfolio’s ups and downs.

There are many important financial decisions that must be made throughout someone’s life. Allegent Investment and Retirement Services, located at Allegent Community Federal Credit Union, is available to help members with all their financial needs. Whether it’s a newly married young couple, parents planning for a child’s education, a worker planning for retirement or someone facing an unexpected job change, Financial Professional, Costas Grekis, can help you reach your financial goals. Check the background of this investment professional on FINRA’s BrokerCheck.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Allegent Federal Credit Union is not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Allegent Federal Credit Union, and may also be employees of Allegent Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Allegent Federal Credit Union. Securities and insurance offered through LPL or its affiliates are:

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.