Briefing frontwavecu.com
First Quarter 2023
Annual Election Services. A one-stop shop for all your insurance needs, Frontwave Insurance Services can make sure you have the right insurance for your needs at the best price. Get a free, no obligation insurance quote by visiting frontwavecu.com/insurance or calling 844.788.0820. • Auto Insurance • Motorcycle Insurance Looking to Save on Your Insurance? Start the year off right with a fresh new quote from Frontwave Insurance rate.” That’s the amount of savings you’ll need to live on each year. You then see whether it will last for your estimated life expectancy, which you can check with any number of online calculators. If the answer is no, you’ll have to increase the amount you save now and/or cut back on your retirement plans. Your retirement finances are not set in stone. You have options at any age. Call or email me to review those and decide on the best course of action. Don’t put it off—the sooner you understand your financial alternatives, the sooner you can take positive action to protect your golden years. Kathy may be reached at 760.439.6960 or Kathy.Chesney@lpl.com
Reality Check on Your Retirement Savings
for a house and/or paying off student loans. The important point is to make a commitment to your retirement savings by contributing a consistent amount with each paycheck (or if you are self-employed, every invoice). The absolute percentage is secondary; more important is to set a goal and stick to it. How will your lifestyle change? In retirement, you may no longer be drawing a salary, although many folks take up some form of self-employment that brings in an income. It’s up to you whether earnings will be part of your retirement plan. If not, your retirement savings should be robust enough to supplement your Social Security without sacrificing your lifestyle. You can check your projected Social Security payments on the Social Security Administration’s website. Figure out how long your savings will last. To get a reasonably accurate figure, you should derive your annual “burn
Provided by Kathy Chesney, ChFC, CLU Whether you’re 23 or 35, it’s important to know whether you are saving enough for your retirement. There is no time like the present to ensure you are allocating enough funds to your retirement account. With folks routinely living into their 80s and 90s, it’s more important than ever to ensure your money lasts your lifetime. Millennials have the advantage of time. You can benefit from compounding and the long-term trends that can make a real difference over the course of several decades. A good savings target is 15% of your income. That’s a very general target, and in many cases, it’s too conservative. That can be a real challenge if you are also saving
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This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. This material was prepared by LPL Financial, LLC. 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. Frontwave Credit Union and Frontwave Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Frontwave Investment Services, and may also be employees of Frontwave Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Frontwave Credit Union or Frontwave Investment Services. Securities and insurance offered through LPL or its affiliates are:
Annual Election Insurance products are offered through Frontwave Insurance Services, LLC, a subsidiary of Frontwave Credit Union. Insurance offered is not a deposit and is not federally insured or issued by or guaranteed by Frontwave. Insurance may be required as a condition of credit for some Frontwave loans and may be purchased from an agent or insurance company of the member’s choice.
Not Insured by NCUA or Any Other Government Agency
Not Credit Union Guaranteed
Not Credit Union Deposits or Obligations
May Lose Value
Your credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services.
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