Keep Investments in the Family

NASA FCU Investment Services

Looking to give money or investments to your children and have access if you need it? It may sound like a “having your cake and eating it too,” but it can be done.

Under certain circumstances, you can, in fact, invest your cash so that your principal is guaranteed, have access to that cash if you absolutely need it and, in the future, pass on an amount to your heirs that is significantly greater than the cash you invested. As always, there are advantages and disadvantages to every alternative and you need to consider all sides of any strategy.

To help you determine if this or other options would be most beneficial to you as part of an overall legacy plan, the knowledgeable CFS* Financial Advisors at NASA FCU are standing by. Contact us today by visiting us at nasafcu.com/investmentservices, or by calling 301-249-1800 or toll-free at 1-888-NASA-FCU (627-2328), ext. 314.

Insurance products and services are offered through CUSO Financial Services, L.P. (“CFS”). Products offered through CFS are not NCUA/ NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. NASA Federal Credit Union has contracted with CFS or SPF to make non-deposit investment products and services available to credit union members.

Estate Planning—Not Just for the Rich and Famous

Estate Planning

Ask yourself this question: Do you own something of value that you wish to pass on to someone one day? If you answered “yes,” regardless of your income or assets, you and your heirs will likely benefit from some basic estate planning.

Do I Need a Will?  

A will, the cornerstone of any good estate plan, is a document that allows you to clearly spell out who is to receive your personal property upon your passing. Leaving this duty to your children, a spouse or the courts after you’re gone means that your wishes may not be fulfilled. Depending upon the complexity of your situation, you may also benefit from legal, financial and tax advice as well.

Review Beneficiary Designation

One critical piece of planning includes making sure you successfully transfer your assets to your designated beneficiaries. Changes in your family situation, which may include a marriage, divorce or birth/adoption of a child, make the regular review of your beneficiary designations a necessity. Knowing that your assets will go to the intended loved ones can bring you greater peace of mind.

Consider Life Insurance

Life insurance can be a crucial component of sound estate planning, especially if you have dependents. It can be a good idea to estimate what it would cost to pay off your debts, such as mortgages, car loans, or credit card debt, or to send a child to college.

Consult a Financial Professional

Given the many components of a proper estate plan, making sure you have all the pieces in place may seem like a daunting task. The qualified CFS* Financial Advisors at NASA FCU can help ensure that your financial assets are positioned in a way that is consistent with your current needs, risk tolerance and long-term goals.

Speak with a CFS Financial Advisor* at NASA FCU today by visitingnasafcu.com/investmentservices, or calling 301-249-1800 or toll-free at 1-888-NASA-FCU (627-2328), ext. 314.

 

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. NASA Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.