Retirement Matters

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Retirement living conjures up various images. Some see retirement living as traveling. Others envision more family time. Still others simply look forward to more free time. No matter what your view, there are a number of questions and concerns that … Continue reading

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How Will Working Affect Social Security Benefits?

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In a recent survey, 70% of current workers stated they plan to work for pay after retiring. And that possibility raises an interesting question: How will working affect Social Security benefits?  To answer that question requires an understanding of three … Continue reading

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Rollover Your IRA or 401k and Get $50!

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Just a reminder, if you rollover your IRA or 401k Accounts today you will get a $50 gift. Visit us at our Riverwoods Branch or call us at 801.223.7502 for more information.  

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Take the First Step – Start Planning Your Financial Future

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TruStage Insurance Offerings

TRUSTAGE BANNER

 

Insurance protection is part of a solid financial plan. Dependable coverage helps ensure financial relief when you need it most. TruStage, in partnership with UCCU offers you access to services and resources to help protect you and your family from the unexpected and give you comfort knowing you’re taken care of.

With nearly 80 years of experience working with Credit Unions, TruStage has a variety of insurance products and programs available to members like you.

Accidental Death & Dismemberment (AD&D)

One of the nice benefits of UCCU membership is a no-cost TruStage Accidental Death and Dismemberment (AD&D) insurance policy from CMFG Life Insurance Company. AD&D coverage pays you or your loved ones a cash benefit after an accident results in a covered injury or loss of life due to an accident. You can get $1000 of coverage, paid for by UCCU, and provided by CMFG Life Insurance Company. You can also get up to an additional $300,000 AD&D coverage from CMFG Life at affordable rates by signing up online for your no-cost or additional protection.

Auto Insurance Program

Working with carefully selected auto insurance partners, the TruStage Auto Insurance Program can provide discounted rates for UCCU Members, online services, and a 24/7 claims service.

If you haven’t compared auto insurance lately, it’s a great time to take a look. Your UCCU membership could result in some nice savings. For more information you can get a  quote online.

Homeowners and Renters Insurance Program

Working with carefully selected insurance partners, the TruStage Home Insurance Program can provide discounted rates for UCCU members. Whether you’re renting, or you own your home you’ll get quality coverage including: liability, personal possessions and additional living expenses. You’ll also get the convenience of online servicing and 24/7 claims service.

Right now is a great time to take a look into what TruStage can offer you. Your credit union membership could result in some nice savings.

For more information on homeowners and renters insurance you can go online and get a free quote.

Life Insurance

TruStage also offers Life Insurance policies to help you protect the people who matter most in your life. With many different options in whole and term life insurance on the market it may be a good time to look into this coverage. TruStage has plans and policies with affordable rates to fit your budget and help you plan for the future. To learn more about this important coverage you can go online or call 1-855-612-7909.

At UCCU we want you to understand all of your options and try to get you the best rates on the things that matter most. For more information about CMFG’s TruStage programs call 1-855-483-2149 or to talk to a UCCU professional call 801-223-8188.

 

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How Will Working Affect Social Security Benefits?

Mature Businessman using tablet computerIn a recent survey, 70% of current workers stated they plan to work for pay after retiring. And that possibility raises an interesting question: How will working affect Social Security benefits?  To answer that question requires an understanding of three key concepts:  full-retirement age, the earnings test, and taxable benefits.

Full Retirement Age

Most workers don’t face an “official” retirement date, according to the Social Security Administration. The Social Security program allows workers to start receiving benefits as soon as they reach age 62—or to put off receiving benefits until age 70½ “Full retirement age” is the age at which individuals become eligible to receive 100% of their Social Security benefits. For example, individuals born in 1955 can receive 100% of their benefits at age 66 years and 2 months.

Earnings Test

Starting Social Security benefits before reaching full retirement age brings into play the earnings test.  If a working individual starts receiving Social Security payments before full retirement age, the Social Security Administration will deduct $1.00 in benefits for each $2.00 that person earns above an annual limit. In 2012, the income limit was $14,640.

Learn more at:
www.ucinvestmentservices.com
Or, contact Steve Lloyd at (801) 223-7502 to set an appointment with one of our financial professionals.
Curtis Willardson, CFP, CLU, Daniel O Palmer, Stephen Martin CFP, CLU, ChFC and Travis Morgan are registered representatives offering securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. David Palmer is a registered representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC.  Cetera is under separate ownership from any other named entity. Registered address: 188 W River Park Drive, Provo, UT 84604.
Not NCUA/NCUSIF Insured – No Credit Union Guarantee – Not A Deposit – May Lose Value
Not Insured By Any Federal Government Agency.
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Distributions From Retirement Plans

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If you’re like many Americans, you’ve been setting aside money for your retirement. Now that you’re near­ing retirement age, it may soon be time to start drawing money from your qualified retirement plans. Withdrawing money from a retirement plan is called “taking a distribution,” and there are a variety of ways to do it. We’re going to review several approaches.

UCCU Financial Group provides a wide range of services, with the primary commitment of helping our clients pursue their unique financial objectives. Our firm wants to help you develop a financial strategy tailored to your goals, values, and risk tolerance.

Some retirees may have several sources of income. Among them are retirement plans, such as traditional IRAs and Roth IRAs, as well as 401(k) and 403(b) plans. Of course, you may receive Social Security ben­efits and some people also have other investments and savings that they intend to use during retirement. If you’re nearing the age when you may consider drawing money from your qualified retirement plans, you face a number of important distributions decisions.

Remember, withdrawals from traditional IRAs, 401(k)s, and other employer-sponsored retirement plans are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty. Generally, once you reach age 70½, you must begin taking required minimum distributions.

To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a five-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawal also can be taken under certain other circumstances, such as after the owner’s death. The original Roth IRA owner is not required to take minimum annual withdrawals.

Keep in mind that the information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult a professional for specific information regarding your individual situation.

Learn more at:  www.ucinvestmentservices.com
Or, contact Steve Lloyd at (801) 223-7502 or by email: Steve Lloyd lloyds@peakfns.com to set an appointment with one of our financial professionals.
Curtis Willardson, CFP, CLU, Daniel O Palmer, Stephen Martin CFP, CLU, ChFC and Travis Morgan are registered representatives offering securities and and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. David Palmer is a registered representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC.  Cetera is under separate ownership from any other named entity. Registered address: 188 W River Park Drive, Provo, UT 84604.
Not NCUA/NCUSIF Insured – No Credit Union Guarantee – Not A Deposit – May Lose Value
Not Insured By Any Federal Government Agency.
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Retirement Matters

Retirement living conjures up various images. Some see retirement living as traveling. Others envision more family time. Still others simply look forward to more free time. No matter what your view, there are a number of questions and concerns that should be addressed to help you better prepare for retirement living. Because in order to pursue your goals and dreams for retirement, it is necessary to determine a strategy for your future. Otherwise, your choices may be limited and your options few.

 The UCCU Financial Group provides a wide range of services with the primary commitment of helping our clients pursue their unique financial objectives. We want to help you develop an overall strategy tailored to your goals, risk tolerance, and time horizon.

 Our firm is dedicated to helping individuals evaluate their financial situations. We want to provide people with tools that can help them make informed decisions. We offer informational material on a wide range of topics because we understand that individuals have diverse financial needs. If you have any questions or concerns during the course of this presentation, we invite you to take advantage of our complimentary consultation. During the consultation, we can discuss your questions and begin the process of helping you develop a financial approach that will address your individual needs.

 Keep in mind that the information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult a professional for specific information regarding your individual situation.

Learn more at: www.ucinvestmentservices.com
Or, contact Steve Lloyd at (801) 223-7502 to set an appointment with one of our financial professionals.
Curtis Willardson, CFP, CLU, Daniel O Palmer, Stephen Martin CFP, CLU, ChFC and Travis Morgan are registered representatives offering securities and and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. David Palmer is a registered representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC.  Cetera is under separate ownership from any other named entity. Registered address: 188 W River Park Drive, Provo, UT 84604.
Not NCUA/NCUSIF Insured – No Credit Union Guarantee – Not A Deposit – May Lose Value
Not Insured By Any Federal Government Agency.
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President's Message November 2014

As the holidays approach and our lives become busy it’s important to enjoy this special time of year. UCCU wishes you the best and we hope you have a safe and delightful holiday season.

UCCU Prepares to Offer Apple Pay    

Many members have been interested in knowing if the credit union is onboard to offer Apple Pay – and the answer is yes. UCCU is in queue to provide Apple Pay as soon as Apple expands its service. So far we do not have timeline from Apple, but we will provide more information as we receive it.

 Some things to know about Apple Pay – so far the list of businesses that can and are willing to receive Apple Pay is very limited. These businesses must have near field communication (NFC) technology to accept this form of payment. The reality is that many businesses currently do not have this technology, and some of the business that do have refused to offer Apple Pay at this time – such as Wal-mart, Rite Aid, CVS, and others.

 UCCU believes that payments using a smartphone versus a traditional plastic debit or credit card is likely the future. The credit union will strive to adopt technology, including Apple Pay, as long as your information is protected. Our goal is to provide you with the most convenient way of making purchases and helping you stay protected along the way.

 For more information on how Apple Pay works, click here.

Smart Decision Magazine

The credit union recently published the Smart Decision Magazine Fall edition. The magazine is filled with information to help you and your family be inspired to make smart decisions – both financial and life decisions. One of the great articles in this magazine is about how we can all help to stand up against bullying. This article written by Greg Hudnall, Executive Director of HOPE4UTAH. The article is informative and provides his expert advice to stop bullying in our schools and community.  Click here to view a digital version of the magazine.

Do you know your Medicare options?

The answer is – probably not. That’s why the UCCU Financial Group is offering free Medicare information events held at the UCCU Center on November 12th or December 2nd. The UCCU Financial Group lead by Senior Benefits has teamed up with United Health Care, Select Health, Coventry Health Care, and Regence Health Care to help inform our community about their options during the open enrollment period from now until December 7. Arrive early as seating is limited and get all of your Medicare questions answered by this team of professionals.

For more information, click here.

Thank you for your membership at Utah Community Credit Union. We work hard to be your trusted financial partner for products and services and hope you take advantage of everything we offer.

Jeff Sermon
CEO / President
Utah Community Credit Union

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UCCU Financial Group's Medicare Information Event

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