Will Social Security Run Out of Money?

Rumors have floated around for years that Social Security is running out of money.

Deadline for Contributing to an IRA

Most individuals have until April 17, 2018 to contribute to their 2017 IRA for the 2017 tax year. Find out if you are eligible.

It Doesn't Pay to Delay

If you are waiting for rates to increase before locking in an investment, you may be missing an opportunity.

Investment Planning Customized for You

Nowadays, managed accounts are more affordable to come by and could help you better reach your investment goals. Find out if a managed account is for you.

10 Things to Do Before You Retire

With the right preparation and planning, you can transition to retirement smoothly and live the life you envisioned.

We know the importance of college and want our members to be able to achieve this important goal. That’s why our CFS* Financial Advisor is able to offer you a 529 college savings plan as part of your Alameda County Employees benefit package.

Whether you are saving to help your kids, grandkids, or other family members to attend school or planning ahead for your own college expenses, a 529 college savings plan through American Funds comes with many benefits including:

  • Tax-advantaged investing – Earnings in a 529 account grow free from federal tax. This can help you accumulate more over the long term.
  • Flexibility – Use the assets in your account to fund expenses at any U.S. public or private college – undergraduate, graduate, professional or vocational. Qualified expenses include tuition, fees, room and board, and many more.
  • Investing for any beneficiary – Use your 529 account for your children, grandchildren, nieces, nephews, or friends. You can even save for yourself. In addition, there are no age or income limits.
  • Convenience of automatic investing – Investing is easy and can be done through deductions from your personal bank account or Alameda County payroll deductions.
  • Low plan costs – Never pay a sales commission, and you benefit from low operating expenses so more of your money goes toward your goal and not fees.
  • Control over your account – Unlike other college funding vehicles, you control the assets in a 529, even when your beneficiary reaches the age of enrollment.

To get started with your 529 plan or for more information, please contact the CFS* Financial Advisor located at 1st United Credit Union:


Rahil Machiwalla, Financial Advisor
CUSO Financial Services, L.P.
CA Insurance Number: 0G20361

(925) 598-4718
Rahil.Machiwalla@cusonet.com

 

Frequently Asked Questions

These and other frequently asked questions can be found at the American Funds website.

Fixed Annuities

If you're looking for a competitive rate on your investments with an excellent financial strength rating, we may have a solution for you. 

Consolidating Retirement Accounts

Find out if consolidating retirement accounts is a good strategy for you.

What is a Fixed Index Annuity?

1st United Credit Union understands that investing can be overwhelming and confusing. That’s where we come in.

Understanding Asset Allocation

Proper asset allocation is one of the most important factors in determining an investment portfolio’s performance.

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