Time is on your side. No matter where you are in life now, put these three things on your to do list:
Fresh start
Whether you’re just starting out, on your own after a divorce, or you’re just looking to build a strong financial future, we can help with these goals:
- Build a solid credit history through the wise use of credit cards.
- Open an emergency savings fund of up to 6 months’ living expenses.
- Save for retirement, through your employer-sponsored retirement plan or an IRA. Read more at www.hfcu.org/fresh-start.
Settling down
You’ve just got married, started a family or made a serious commitment. You’ll need a plan so you can provide for those who depend on you without worry. Let us guide you as you:
- Become a homeowner, which allows you to build equity for future borrowing needs.
- Make sure you have adequate insurance coverage, including life, home, auto, health and disability.
- Open college savings accounts if you have children. Read more at www.hfcu.org/settling-down.
Peak earning years
Now is the time to solidify your plans for the future. Let us help you get the most out of life as you zoom through these years of working, raising a family, growing a business, or maybe all three.
- Streamline your financial life with free online services like bill payment, remote check deposit and loan applications.
- Seek financial planning guidance through a financial advisor.
- Review your insurance coverage to make sure it is keeping pace with changing life circumstances.
- Establish a will and estate plan for the distribution of your property and assets.
Empty nest, full life
You’ve been there, done that. If you have kids, they are poised to launch. You know who you are and what you want. But there’s still more to come. Prepare for the next stage while enjoying where you are right now. We can help with advice on:
- Paying off your mortgage and other consumer debt.
- Using catch-up provisions to maximize retirement savings.
- Review your insurance coverage to make sure it is keeping pace with changing life circumstances.
- Becoming a landlord with commercial real estate to provide an additional income stream.
- Downsizing your lifestyle by selectively reducing spending. Read more at www.hfcu.org/full-life.
Smelling those roses
Now is the time to enjoy the fruits of your labor. Your planning has paid off. Yet you have new concerns, which may include aging parents, college assistance for grandchildren and the real work of providing for yourself during retirement. Talk with us about:
- Switching a portion of your investments to lower-risk options that produce income.
- Long-term care insurance and fully funding your medical care.
- Converting your home’s value into assets you can use in retirement.
Turn to us
Planning ahead to accommodate life’s potential changes is key. We can help you with appropriate financial products and services for your stage of life.