summit-bracket2 bracket2 atm-outline location-pin-outline location-pin-filled atm-filled calendar2 bracket google-play[2] app-store summit-location-pin-lg code lock user worksheets phone print programs open pdf checkmark-form close-x close download checkmark-chart checklists blog-tools social-facebook social-google-plus social-pinterest social-twitter social-youtube ehl calendar calculators bracket22 checkmark email text-area-corner external-link success error information warning calendar-add-event auto-rates mortgage-rates home-equity new-certificates ncua summit-logo-itmoi arrow-left arrow-right checkmark2 summit-logo-white summit-bracket silhouette arrow-down arrow-up auto-rates2 blog calculators2 call ehl2 home-equity2 itmoi locate mortgage-rates2 new-certificates2 programs2 search summit-location-pin-sm tools clock

New Year – New Game

summit financial advisors blog

A message from the Summit Financial Advisor Program

It’s a new year and a great time to review your investment goals. The steady stock market recovery has continued since the financial crisis of 2008, and this past year saw equities set more new records. 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?

For some, the answer has been to stay on the sidelines and avoid the inevitable market volatility by investing 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 new game plan.

There are new annuity products that allow you to participate in the market’s upside potential while setting a limit on downside risk. And there are other options available to guarantee a retirement income you can’t outlive. The record stock market highs and interest rate lows could mean it’s time to review your current portfolio and discuss these new opportunities. If your goal is to look at ways to protect gains and reduce risk in your investment portfolio, the new year may be the perfect time to get in the game.

For more information about these new retirement planning options, contact Summit Financial Advisors at 800-236-5560, Ext. 4012 or www.SummitCreditUnion.com/SaveandInvest.

 

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. 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.

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.  Annuities are issued by MEMBERS Life Insurance Company.

Insurance products are issued by MEMBERS Life Insurance Company (MEMBERS Life) and CMFG Life Insurance Company (CMFG Life), 2000 Heritage Way,

Waverly, Iowa 50677. Insurance products are underwritten and distributed by CUNA Brokerage Services, Inc., member FINRA/SIPC, a registered broker/dealer and investment advisor. MEMBERS Insurance & Investments is the marketing name for products, services and programs offered by MEMBERS Life, CMFG Life and other leading carriers. MEMBERS® is a registered trademark of CMFG Life. CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Investment and insurance products are not federally insured, may involve investment risk, may lose value and are not obligations of or guaranteed by any depository or lending institution. All contracts and forms may vary by state, and may not be available in all states or through all broker/dealers.

MGA-1083040.2-1217-0120