Financial Planning Resources
Establishing clarity around your finances is arguably one of the most critical things to your overall financial success. Financial planning pulls together all your finances and organizes them to help make management easy and effective. The more you understand and better manage your wealth, the more prepared you are for your goals and dreams.
|To manage your income and expenses effectively throughout your lifetime, consider partnering with your financial advisor, who has the experience to help you create a plan that strategically addresses your unique goals and needs. If you don't have a financial planner connect with one today.||
Anyone, any age looking for financial independence can benefit from working with a good financial advisor either periodically or regularly. The many advantages of financial planning are explained in this guide:
Through our partnership with Fellows Financial Group all USSFCU members have access to investment management and financial planning services. Fellows Financial Group serves people at all income levels and from all walks of life—whether the need is one quick question or ongoing financial assessment, management, and direction.
If you are interested in financial planning, please contact our partners at Fellows Financial for more information by calling 571.205.1515 or simply schedule a time to discuss .
Income Tax Planning
By planning ahead and taking advantage of these time-proven tax strategies before year-end, you may be able to lessen your tax bite come April. Lower Your Tax Bill
Learn several ways to potentially lower your tax bill through tax-efficient investing.
A tax-efficient investment and distribution strategy may help you keep more of your hard-earned assets for yourselves and heirs.
What’s My Taxable Income?
Risk Management & Insurance
A sudden unexpected event can derail even the most detailed plan unless you have anticipated and planned for catastrophic events. Insurance products are useful in managing these risks. You should evaluate your life, disability, liability/umbrella, and long-term care insurance.
Life Insurance is a Key Part of a Solid Financial Plan
You can use life insurance to leave much-needed income to your survivors, provide for your children’s education, pay off your mortgage, and simplify the transfer of assets. Learn More >>
Is it Time for Policy Review?
Life changes quickly; that’s why it’s important to periodically evaluate your financial and life insurance needs. If you answer “yes” to any of these questions contact a Fellows advisor about an insurance review today.
Shopping for Insurance - Virtual Learning
Learn more about the different types of insurance and how to shop for plans with this short interactive learning lesson.
Are you saving enough to maintain your current lifestyle throughout your retirement years? Is it time to increase your retirement plan contributions? Is your asset allocation consistent with your retirement planning goals? These questions are critical when you consider that saving just a little more each month could make a big difference in the amount of money you have in the future.
Successful retirement planning can be broken down into two simple saving mantras:
- Start saving as early as you can.
- Save as much as you can.
This guide will help you understand the power of these two saving mantras in more detail. The goal is to understand how these mantras can help take away the fear factor of retirement planning and empower you to take basic actions that will help set you up for retirement planning success.
Net Worth = Assets - Liabilities
Since each person's financial situation and goals are unique, it is difficult to establish a generic "ideal" net worth that applies to everyone. Instead, you will have to determine your ideal net worth—where you want to be in the near-term and long-term future.
This article describes five common investment mistakes when planning for retirement and how you may avoid them.
How much do I need to save for retirement?
Individual Retirement Accounts (IRAs)
Saving for retirement in an individual retirement account (IRA) or a 401(k) is a smart way to enjoy some tax advantages. As you put together your financial plan, you should consider whether you need to:
- Decide whether a Roth or traditional IRA is best for you now
- Consider switching an existing IRA to a different brokerage
- Convert a traditional IRA to a Roth IRA (times when either your income or the value of your account is lower are especially good for making this change at the lowest possible cost)
- Do the same for your 401(k), which can also be Roth or regular
- Rollover any old 401(k) accounts from a previous employer
- Increase or decrease your annual contribution amounts to retirement accounts
Plan for your future and understand how Social Security fits into your retirement.
Social Security is part of the retirement plan for almost every American worker. It provides replacement income for qualified retirees and their families. Visit ssa.gov/planners for numerous helpful resources including calculators, publications and life expectancy estimates.
Preparing for Retirement - Virtual Learning
These courses will teach you how to access the tools that can help you meet your retirement goals.
If the word ‘estate’ brings to mind mansions, private islands and offshore bank accounts, we’d like to encourage you to think about it a little differently. An estate plan isn’t just for the wealthy. That’s because your estate is anything you own that will be passed down, paid off, or otherwise disposed of upon your death.
Here's a guide that provides an in-depth look into the essentials of estate planning and includes a checklist that'll assist you in getting your business affairs and records organized.
You should be aware that estate taxation—or just about anything having to do with estate planning— is complex. It’s always best to work with an experienced professional.
To talk to a Fellows advisor about estate planning call 571.205.1515 or schedule a time to discuss .
Estate Planning - Virtual Learning
After completing this interactive lesson, you should be able to identify the differences between a will and a trust and understand the process, documents, and best practices for estate planning.
Fellows Financial Group
Anyone, any age looking for financial independence can benefit from working with a good financial advisor either periodically or regularly. Fellows Financial Group serves people at all income levels and from all walks of life—whether the need is one quick question or ongoing financial assessment, management, and direction.
Done right, financial planning is a process that helps you figure out where you are financially today, where you want to be in the future, and then helps you determine a suitable way to get there. With the Fellows Financial Group advisors, the process involves an initial in-depth review of a client’s current financial situation and then the creation of a blueprint on how to manage future goals and objectives.
How Can Fellows Help?
Using sophisticated algorithms, consistent modeling, and their proven expertise, Fellows Investment Advisory Services will guide your investments and help you realize a secure future.
What happens to your loved ones if you’re no longer around? The unexpected can happen and without planning, you may leave your family without financial security. With Fellows Legacy Planning services, you can relax knowing that your loved ones will be financially secure.
Goal-Based Retirement Planning
Where are you headed? What will it take to get you there? Fellows Goal-Based Planning services will map out a path that replaces daily stress and worries with confidence and achievement.
Home, Auto, Umbrella Insurance
Fellows insurance advisors take time to understand your unique situation and identify and eliminate gaps in coverage that might leave you exposed. They create personalized plans that fit your lifestyle and needs. From auto insurance to home insurance, they’re in the business of helping people protect what they value and have worked so hard to build.
If you would like to have an advisor review your situation, please contact our partners at Fellows Financial by calling 571.205.1515 or simply schedule a time to discuss .
Social Security Basics
Hosted by our partners at Fellows Financial Group, this presentation answers some common questions about Social Security and address some of the basics including: Full Retirement Age, Benefits of Waiting, and How to Estimate Your Benefits. If you didn't get the chance to watch this webinar live, access the recording below.
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Wealthcare Advisory Partners a registered investment advisor. Wealthcare Advisory Partners and Fellows Financial Group, LLC are separate entities from LPL Financial. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: CA, CO, DC, GA, FL, HI, IA, MD, MT, NC, OH, PA, VA, TX, WV. Personal and Commercial insurance services are offered through Fellows Insurance Group LLC. Fellows Insurance Group LLC is a separate entity from Fellows Financial Group LLC, LPL Financial and Wealthcare Advisory Partners.
LPL Financial, Fellows Financial Group LLC, Fellows Insurance Group LLC and Wealthcare Advisory Partners do not offer tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. Investments are not NCUA insured. No credit union guarantee. Investments may lose value. Fellows Financial Group LLC, LPL Financial and Wealthcare Advisory Partners are third party partnerships and are not affiliated with United States Senate Federal Credit Union.
Calculators are for educational purposes only. The content on this page provides general consumer information. It is not legal advice or regulatory guidance. We do not endorse or guarantee the accuracy of third-party information.