November 1, 2010 Appleton, WI – November 1, 2010 – Market volatility. Low interest rates. Retirement risks. All of these “headwinds” are making it tougher than ever to know where to invest your retirement savings. Given today’s turbulent economy, many consumers are considering a return to a more conservative approach. Is the time right for you to return to conservative investing?
While many individuals are familiar with conservative savings vehicles like certificates of deposit (CDs), many are not aware of the advantages that other investments – like annuities – can have over CDs. Annuities offer safety of principal, a guaranteed rate of return, guaranteed retirement income and the powerful benefits of tax deferral. Learning more about these advantages can help you set a new financial direction and get your retirement plan back on track.
Find out more about the challenges of today’s economy and discover financial strategies you can use to incorporate conservative investing into your financial plan. An educational seminar will be held on Tuesday, November 9 at 6:30 pm at Community First Credit Union, 2626 S. Oneida St. in Appleton. This seminar is a no-cost, no-obligation event hosted by MEMBERS Financial Services Program at Community First Credit Union. For more information, or to reserve your place, call 920-830-7200 or toll-free 1-866-273-2328.
All guarantees are based on the claims-paying ability of the issuer. Representative is not a tax advisor. For information regarding your specific tax situation, please consult a tax professional.
There are distinct differences between fixed annuities and certificates of deposit (CDs). Most CDs are considered short-term investments, while annuities are considered long-term investments. CDs are insured by the federal government, either through FDIC or NCUA. The investment in a fixed annuity is guaranteed by an insurance company. Like CDs, annuities have a penalty for early surrender, and withdrawals taken before age 59˝ from an annuity may also be subject to a 10% federal tax penalty. Insurance products are issued by CUNA Mutual Insurance Society.
Representatives are registered, securities are sold and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members.
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Contact Information:
Amanda Secor
SVP/Marketing and Public Relations
Community First Credit Union
(920) 968-6179
amanda.secor@communityfirstcu.org
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