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To us, it means having fun while feeling confident about your finances. It's about being able to live the life you always imagined.


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Your Financial Plan

The key to a successful plan may be to work with a licensed financial advisor. Our CFS* Financial Advisors will help you:

  • Analyze your assets, liabilities, cash flow, and budget
  • Review your short and long term financial goals
  • Assess your retirement income goals
  • Determine your investment risk tolerance and time horizons

What is right for one individual may not be right for another. That’s why it’s important to lay out an investment strategy that works with your personal financial goals.

After careful study, your CFS Financial Advisor will produce and review with you a detailed, customized report with recommended strategies for asset allocation, diversification, and insurance coverage. It will be your personal plan to help you reach your financial goals.

Saving for Your Retirement

There are many ways to save for retirement.  Consider savings on a systematic basis, so you are making contributions each and every month. It is also important to evaluate your savings contribution regularly to determine if you can increase your savings as your situation changes.

Your CFS Financial Advisor can help you set a realistic monthly saving goal. That could include setting up an IRA or helping you determine how to increase your contributions for your retirement plan at work. Once you start down the savings road you will be surprised how quickly your savings add up.

Transferring Your Retirement**

Chances are, you’ll change jobs several times over the course of your career. In fact, the average US employee switches jobs 11 times before retiring. That means employees may participate in 11 different 401(k)s or other retirement savings plans during a career.

Once you leave your company, you must decide what to do with your retirement plan assets. Knowing your options, and how they will affect your retirement savings, can make the difference between having a comfortable retirement and not having one at all.

Your CFS Financial Advisor will explain your options and assist you in determining the option that works best for your situation.

Consolidation of Retirement Accounts

When it comes to investments, it is often encouraged to keep one’s portfolio diversified. However, when it comes to the service providers of your retirement accounts, it may be quite beneficial that you consolidate to just one. Having all of your retirement accounts in one basket gives you the opportunity for more effective management of asset allocation and diversification, and could be easier for you to take charge of your investment strategy. Also, the possibility of lower fees is a compelling reason to consolidate. The bottom line is that consolidation could mean a simpler, more empowering approach to investments that may end up saving you money. However, before you make this decision, consult with your CFS Financial Advisor for more details to make sure this is the right move for you.

Retirement Income Planning

Planning for retirement often involves asking some questions that are difficult to answer. What will my retirement look like? Have I saved enough? Do I have sufficient assets to cover all of my expenses so that my desired lifestyle may be maintained for years to come?

One of the first and most important steps in analyzing one’s retirement picture is through the creation of a detailed budget to which expenses may be matched to sources of income. More often than not, shortfalls in income may be uncovered. Once fixed sources of income such as social security, pensions, etc., have been exhausted, an experienced financial advisor can be extremely helpful in determining the assets that may be used to generate additional sustainable sources of income.

Next, it is necessary to prepare for some of the major risks retirees often face. These risks include but are not limited to: longevity risk, inflation risk, market risk and health care/social security risk.

Longevity risk is simply the risk of outliving assets.

Inflation risk deals with the erosion of assets due to the rising costs of goods and services.

Market risk deals with potentially taking too much risk with your portfolio or conversely, not enough.

Health Care and Social Security: The cost of health care and issues surrounding Social Security are becoming increasingly difficult to manage.

Contact your CFS Financial Advisor for assistance in determining the retirement income options that work best for your situation.


*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. UMassFive College Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. 

**Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.