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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.

Through our partnership with Fellows Financial Group all USSFCU members have access to investment management and financial planning services.

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

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.

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: The Benefits of Financial Planning

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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.

Tax-Efficient Investing

A tax-efficient investment and distribution strategy may help you keep more of your hard-earned assets for yourselves and heirs.

Strategies for Retirees

What’s My Taxable Income?

Although the specific numbers used by the IRS to determine your taxable income are subject to change from year to year, there are steps you can use to estimate your taxable income. Taxable Income Estimation Calculator

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.

Schedule a Policy Review

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.

Start Learning

Retirement Planning

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.

Retirement Planning Guide

A Fellows Financial Group advisor can help you determine if it would be in your best interest to revisit your retirement planning goals. Schedule a free, no obligation personal consultation.

Schedule a Retirement Review

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. 

Net Worth as a Retirement Planning Tool

Investing Mistakes

This article describes five common investment mistakes when planning for retirement and how you may avoid them.

5-Mistakes

How much do I need to save for retirement?

Assume you’ll need 80% of your current annual income each year that you are retired, and that you will be retired for 30 years. You can estimate your retirement needs in a few simple steps. Retirement Goal Calculator

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. 

Start Learning

Estate Planning

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. 

Estate Planning Essentials

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.

Start Learning

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?

Investment Services

Using sophisticated algorithms, consistent modeling, and their proven expertise, Fellows Investment Advisory Services will guide your investments and help you realize a secure future.

Learn More >>

Legacy Planning

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.

Learn More >>

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.

Learn More >>

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.

Learn More >>

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

Schedule a Time

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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.

It's your staff that make us keep coming back for years and years.

Thank you for letting all of us be a part of your celebration - Happy 85!

USSFCU makes me feel more appreciated than any bank I've had before and helps me save for my future home.

USSFCU Happy 85!!! Best banking and customer service since I was 12. Thank you!

Happy Anniversary to an institution that has become part of our family! Thank you for everything!

Happy Anniversary, thank you for helping retirees with better rates.

Happy Anniversary and thanks to all employees for always being friendly and providing great service.

It's your 85th anniversary, and it's my birthday month - Happy Anniversary to you and Happy Birthday to me!!!

I really enjoy USSFCU's great customer service! They are always so helpful when I call or visit a branch and make my banking experience easy and enjoyable. Thank you!

Congratulations on your 85th year! Thank you for being the best credit union in the business.

Happy 85th Anniversary! I've been a member for 27 years and have always appreciated the great rates and service. Here's to at least 85 more years...

I was referred to USSFCU when I was building my swimming pool. This is the first banking experience that I have had in 48 years that has been so pleasant. USSFCU is the best and the ease of utilizing them for your banking needs is a MUST! Happy Anniversary and MANY MANY MORE!

Happy 85th Anniversary USSFCU and thank you for providing the services that you do as you helped my family to fulfill a dream that we had and it is certainly appreciated.

Happy Anniversary! Much to be proud of... especially the customer service.

When I joined in 1992, I was young and didn't have much financial wherewithal. Over the years, when I've needed a loan, you've helped me out. When I had extra money not doing anything in a savings account, a representative reached out to me to open a money market account. When I bought my first car, you gave me that loan. You've helped me on my fin...

Happy 85th Anniversary! Thank you for providing such great service to all of us who have worked for the U.S. Senate. Having a credit union devoted to our financial care is appreciated. Here's to 85 additional years!!

Happy Anniversary, USSFCU! I have been a proud member since 1993 when I opened my account upon getting my first job out of college in the Architect of the Capitol Curator's Office. Thank you for your service! It's been a great banking experience for me for 27 years.

Happy anniversary! I'm a 20 year member -- I've had/have numerous loans and have always had a great experience working with your staff.

Happy 85th Anniversary. I have been a member for 27 years. I have had nothing but success with my financial goals as a member of USSFCU. Thanks so much!

I joined USSFCU in 1993. I had just started a job as Executive Assistant to a U.S. Senator and being a Black Woman, I felt intimidated and not always accepted in the Senate environment. The one place I felt truly welcomed and comfortable was in the credit union. The staff was professional, courteous and made me feel at home the minute I walked in ...

I am so grateful to be apart of the USSFCU family. I have received outstanding service and am very glad I decided to join this credit union.

Happy 85th to USSFCU!! Thanks for everything! Here's to 85 more years!

Happy 85 years! May your operations continue to flourish!

The USSFCU has been great. I signed up my 2 sons and they have been able use the banking services for their higher education.

Happy 85th from a 53-year member. I remember when the credit union was located adjacent to the barbershop in the basement of the Old Senate Office Building. Great service then! Great service now!

I work in-state but your agency has made it so easy to do business with in many ways. I have a VISA, checking, savings etc. with you and even when I call from Ohio, everyone is so helpful and eager to help. Thank you and Happy Anniversary.

My 38th year as a USSFCU member! I love the personalized service and your kindness over the years. Happy 85th Anniversary!

My first job in Washington was at NRSC which came with Senate FCU privileges. That was in 1989 - I left DC in 1995 and to this day I love the reaction when people see the senate emblem on my credit card and checks.

I joined right after college after accepting my fist job in the USS; now 26 years later, I'm still a member and so happy with your products and service! Congratulations on 85 years of doing right by your members!

As a member of USSFCU since 1967, I can remember when it consisted of one room in the basement of the Russell Building. Congratulations!

Happy 85th! You don't look a day over 30.

Thanks for the great service members receive every day. Happy anniversary.

I have been a member of USSFCU for sixty years and it is still my financial institution of choice. Their service is exceptional and their staff is friendly and helpful.

I was a senate page and messenger for the sergeant of arms when I was 15. 43 years later I'm still a member. I could find no better place to bank despite overseas military serves. Simper Fi! Works here also.

Happy 85th Anniversary USSFCU. I have been a member since I began working for Senator Alan Cranston (Democrat from California) in 1982. Although, I left the Senate when Senator Cranston left office, I have remained a member of the United States Senate Federal Credit to this day. I have had nothing but positive service from USSFCU and will continue ...

More than 20 years with the USSFCU. I am grateful for their friendship. Happy Anniversary!

Happy anniversary! I feel safe and secure banking with my USSFCU family.

Happy anniversary! The wife and I are so happy to be members.

Happy Anniversary! Keep adding value to the great banking services provided to make peoples' lives better.

Happy Anniversary! Thank you for all you've done for our family over the past 3 years.

Congrats!! This is the first credit Union I've ever joined and my experience so far has been fantastic!! From everyday help with new cards, to recently adding my new wife to our account after our wedding on 9/27! Thank you for all of you do!! Looking forward to another 85 years!

It's hard to believe how much we've been through since we got together in 1972- two children with accounts, cars, home improvements. I don't know what I would have done without you.

Happy Anniversary to our wonderful family! Wishing you many more years of accomplishments!

Happy Anniversary to USSFCU! I have been a member since 1982. I only worked in the Senate for one year but I'd never give up my membership in the USSFCU! Here's to at least 85 more years!!

My 85 year old mom was born on October 8, 1935... exactly when USSFCU was founded! How's that for karma!!

Happy anniversary United States Senate Federal Credit Union. I love my credit union and the great rates with Visa and car loans. Hoping to refinance my home soon with y'all. My birthday is October 8 and I'll be 57, to think that USSFCU was already 28 years old when I was born. That's amazing keep the good work up.

Thank to the entire USSFCU Team. My every interaction with all of you has been kind and efficient. I appreciate all our your efforts to make our days a little easier and brighter!

Congratulations to USSFCU for 85 years of service...I joined when the Credit Union was just a room in the basement of the Russell Building nearly 50 years ago.

Congratulations Senate Federal Credit Union on celebrating 85 years! I have been blessed to be a member since 1998! I also had the great honor and pleasure to support the Hart Branch of the USSFCU while an employee of the Senate Sergeant at Arms Operations Division! The Hart Branch of the USSFCU has the kindest, friendliest, most professional emplo...

I started in the Senate in 1977. I was in need of a car and had just a few hundred dollars to my name since coming from Minnesota. My boss told me about the Credit Union and walked me over to the Russell building and introduced me to Virginia P. where I joined and she gave me a loan for 1600.00 to buy a car that afternoon.

Congrats! USSFCU has been a reliable financial partner for my family saving me on fees and with low car and personal loan rates. On to the next 85 years!

Thank you for your wonderful service. I joined in 1989 when working for Senator Cochran.

Happy anniversary! Thank you for decades of superb service!

Glad to be part of this great anniversary!

Wishing you a most happy 85th Anniversary. You provide excellent service!

Congratulations to USSFCU on 85 years of service to the community.

Happy Anniversary to one of the best credit unions in the United States! Great for all banking needs.

Happy Anniversary!!! I have been a member since 1993...thank you for the excellent service throughout the years...I wouldn't trust anyone else with my money!

Happy Anniversary USSFCU, you have always been there for me! Your personalized businesses model is unprecedented exhibited by professionalism, kindness with a willingness to make your clients happy will keep us all coming back for years to come! Cheers to the next 85 years.

Happiest of anniversaries to a super credit union. You have given us kind, faithful service. May you be richly blessed in return.

Our family really appreciates all the services the credit union has to offer. We have financed (and re-financed) our mortgage, opened retirement accounts, and established our kids' first bank accounts with USSFCU. Thanks for all that you do!

Thank You for being there through all of these years.

Been a member for more than 50 years. Congratulations!

Happy Anniversary. Keep up the great Union benefits.

I've been a member since I first moved to the area and wouldn't change a thing!

When I became part of the Senate staff it was clear many new doors would open. One, to ussfcu, has remained so for many (about 50 or more) years, helping us through small and larger problems, We have used, enjoyed and appreciated their services.

I've enjoyed banking with USSFCU over the years! It was helpful for managing my money for everything from grad school to my first home to my kids!

A colleague told me she was getting a higher than average interest rate on her savings. I said, "That's the bank for me!"

Congratulations on 85 years. Opening a USSFCU account was one of the very first things I did when I started working on Capitol Hill 20 years ago and I?ve never looked back. It?s my primary bank account to this day. Best wishes for the next 85 years.

Happy 85th. I joined at age 16 in 1979 when I started what turned out to be a full career with the Senate. Things certainly have changed as USSEFCU grew and dropped the "E".

The USSFCU has always been there for me. The staff has shown nothing but professionalism.

Congratulations on 85 years of service to the Congressional community!

I had just graduated from college mid-year and moved to DC from the Midwest in January 1982. One of the first things I was told to do after starting work in the Senate was to open an account at the credit union. I did, and despite the fact that my boss lost in 1984, I have kept my account. The credit union helped me buy my first car. Lots of great ...

It?s a Happy Anniversary for all USSCU members thanks to the 85 years of wonderful and thoughtful service!!! I still love my classic checks! Happy Anniversary!

Happy 85th Anniversary USSFCU! I have been a member since 1983 and I appreciate the tremendous service that I have received throughout my 37 year membership. Keep up the great work!

Ever since I joined in 2011, I've experienced nothing but superior service from USSFCU! From teller assistance to phone conversations, I have never been disappointed. I've banked with many different institutions but I can never see myself leaving USSFCU. Thanks so much!

Happy 85th birthday to an incredible credit union who is always looking out to its members each and every year. Congratulations on this milestone!

Congratulations USSFC! Great customer service. A first class organization!

Very thankful of the stability provided by the USSFCU in these crazy times. Wishing you all safety and love and Happy Anniversary.

Congratulations USSFCU!!! I am a long time member, not only because it is convenient but because of the great service from Credit Union staff. Friendly efficient service from staff at the Hart, Alexandria and GAO locations always comes with a smile. I can't wait for the next annual meeting. Thanks and looking forward to another 85 years.

Thanks to the USSFCU I was able to receive a car loan after years of bad credit. This is a wonderful institution.

Happy Anniversary! Thank you for all that you do. We love our new pool!

I worked in the Senate for 23 years and it was so convenient to dash down to the Credit Union. Following that, I went to the State Department to work for a senior official. My contact from the Credit Union (Dana) was extraordinarily helpful in all things money-related for my "Principal" and for me. I couldn't have managed nearly as well as I did wi...

Thank you for serving the community. It is a pleasure and a joy to say I am a member.

Congratulations USSFCU! I appreciate your efforts to expand services and protect your membership here and abroad.

As a member for more than 40 years, I am thrilled that the USSFCU has reached this milestone, and I wish continued success in the next 85!!!

I have been a member for 40 years and it is one (1) of the best decisions I have ever made for my financial future. Greta, was my 1st teller and has continued to be a very supporting advisor throughout all these years..Happy Anniversary to all your members.

The USSFCU has ALWAYS given me and my family the best service for the last 20 years. I would never switch my banking to any place else. They?re the best!

Eighty-five years is about a lifetime. That's how long we can depend on USSFCU to be with us in good times and bad - for a lifetime.

Estoy muy contento ...

Congrats on making it to 85 and still giving the 3S: Stability, Security, Service and do add Satisfaction

Happy Anniversary! 85 years of helping people fulfill their financial goals, woohoo!!!

I just heard! Is it true? Eighty-five years... Whoop-de-do!

USSFCU has been a great resource for this service disabled Vet - thank you & happy anniversary!!!

Happy 85 Anniversary, I thank for the great job you guys always do, Thanks for allowing me to be part of your family.

Awesome to be celebrating my 25th year Silver anniversary with my credit union spouse the same week that USSFCU is celebrating 85. Much love and gratitude.

A credit union is the financial bestie for working people. I was employed as a credit union rep for 9 years. I promoted legislation to save credit unions as a Us Senate staff representative. Credit unions know who we are as people. I salute the services and dedication of 85 years non stop from the UNITED STATES SENATE FEDERAL CREDIT UNION. Please g...

It?s not just a corporate anniversary, it is an anniversary of a family and community that has grown stronger over the years. USSFCU started with a few but now there are many, not only in numbers but also in engagement, resources, and talents. Wishing you many more years of unparalleled service and success. Happy 85th anniversary USSFCU!

Congratulations from Michigan. Many more successful years ahead.

Happy Anniversary! Your dedicated customer service, both in person and by phone, is greatly appreciated. Thanks for doing it right!

Happy 85th anniversary USSFCU. Thank you for your service! I appreciate the credit union so much.

Congrats! Thanks for being my bank for 42 years!

Have been a happy USSFCU member since the 1980's!

Cheers to our Credit Union on its 85th! Proud to be a Member! Being part the USSFCU has special meaning for me because the first Federally-chartered credit union in the United States was in my hometown: Texarkana, Texas (Morris Sheppherd FCU, in 1934). In addition, a huge influence in my future life in Washington was Congressman Wright Patman, who ...

Happy anniversary USSFCU! I've been a member for 30 years (I'm pretty sure). It's been a great convenience having you in the building, and everyone is always super nice. Thank you!

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