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The Only Guarantee: There are No Guarantees in Life

Summit Financial Advisors

Provided by Summit Financial Advisors

Your life savings, or "nest egg," may be more fragile than you think. There are many life events that can cause unexpected financial decisions and derail your financial well-being. A financial professional can help you identify those surprises and be prepared if they occur.

The following are just a few of the areas that can be hard to account for without the help of a financial professional:

  • Unpredictable health care costs
  • Length of life
  • Unpredictable job market
  • Changes in family structure like divorce, your spouse's health or employment, or having parents move in
  • Under-investing or not evaluating your current investments
  • Taking an altogether hands-off approach to investments

 

Luckily, there are ways you can mitigate financial derailment:

  • Develop a budget and plan for foreseeable big life events
  • Scale your investments based on your wages
  • Don't treat your life savings like a checking account
  • Invest in insurance in your 50s with a long-term care insurance policy
  • Hold off on retirement until at least 65, or later if possible
  • Most importantly, engage with a financial advisor

 

Schedule an appointment to meet with a Summit Financial Advisor to plan for your future and protect your life savings online or call 800-236-5560, Ext. 4012.  

Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. © CUNA Mutual Group, All Rights Reserved. CBSI-2251800.2-0420-0522