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summit financial advisors blog

A message from Summit Financial Advisors

We often think about those we love … the people we hope to be with in the years to come. Part of being there is making sure we don’t become a burden to loved ones during retirement. And that means choosing your retirement options wisely.

Since the financial crisis of 2008 we’ve experienced a steady stock market recovery, and equities set more new records this past year. Many people have seen attractive investment gains as a result. But when it comes to the stock market, it’s wise to remember that what goes up can just as easily come down. What would a major drop in the stock market do to your retirement plans, and what would that mean for those you love?

For some, the answer has been to seek shelter from the inevitable market volatility in certificates of deposit (CDs) and money market accounts. Unfortunately, these accounts continue to set records of their own – historically low returns that often don’t keep pace with inflation.

A little love.

There are new annuity products that could allow you to love your retirement savings plan again. These products help you participate in the market’s upside potential and set a limit on downside risk. And there are other options available to guarantee a retirement income you won’t outlive.. If you’re looking for a way to help protect gains and reduce risk in your investment portfolio, these new products could put a little love back in your financial plans.

For more information about these new retirement planning options, contact a Summit Financial Advisor located at Summit Credit Union by calling 608.243.5000, Ext. 4012 or 800-236-5560, Ext. 4012 or

There are distinct difference between annuities and certificates of deposit (CDs).  Most CDs are considered a short term investment.  An annuity is a long term investment.  The investment in a CD is insured by the federal government either through FDIC or NCUA.  The investment in an annuity is guaranteed by an insurance company.  Like CDs, annuities have a penalty for early surrender and withdrawals taken before the age of 59 ½ from an annuity may be subject to a 10% federal tax penalty.

All guarantees are based on the claims-paying ability of the issuer and do not extend to the performance of underlying accounts which can fluctuate with changes in market conditions.  MEMBERS Insurance & Investments is the marketing name for products and programs offered by MEMBERS Life Insurance Company and other leading carriers. 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, IA 50677, 866.512.6109. Investment and insurance products are not federally insured, may 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.