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Investment Services

Start planning ahead for your someday.

Retirement looks different for everybody. Some people pursue hobbies while others enjoy volunteering their time. The common factor in every retirement plan is money.

As a SouthPoint Financial Credit Union member, you have access to qualified investment representatives who can help you craft a plan and work toward your long-term goals. It all starts with a complimentary consultation and portfolio review where you’ll learn about your options.

Your investment representative has access to a long list of options to help meet your needs.

40 Square Cooperative Solutions

Owned and governed by Minnesota farm families and the agricultural community, 40 Square Cooperative Solutions is a health care cooperative dedicated to providing health plan options that empower individuals through education and resources to enhance their health.

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Fixed Annuities**

A fixed annuity contract allows for tax-deferred growth. In exchange for a lump sum payment, the annuity earns a fixed interest rate. The insurance company that issues the contract guarantees both the initial payment and interest rate. Fixed annuities can provide a guaranteed income payout, for either a specified term or for life. The guarantee comes from the insurance company not the credit union.

Money Market Funds**

A money market fund’s portfolio is composed of short-term (or less than one year) securities representing high-quality, liquid debt instruments. While considered relatively stable, they are not guaranteed. While less likely to decline in value, you can lost money.

Variable Annuities**

Variable annuities can play an important role in retirement planning. Talk with a licensed financial professional for details and learn if a variable annuity contract is right for you.

Mutual Funds**

A group of investments put together in one fund. An investment professional manager assembles the investments under a particular theme, for instance real estate, and offers shares to investors. The advantage to investors is that there isn’t the burden of having to choose individual investments. Values change when the pooled investments rise and fall over time.

The disadvantage is that funds are less liquid, carry no guarantee and can lose principal. Mutual funds are sold by prospectus. It discusses the fees, expenses, risks and other important factors to consider before investing.

Life Insurance

Life insurance protects against financial loss from a premature death. The beneficiary receives “death benefit” proceeds, thus becoming safeguarded from financial impacts of the insured’s death. The death benefit is paid by a life insurance company, in consideration for premium payments made by the insured.

All payments are backed by the insurance company, not the credit union.

Tax-advantaged Investments*

There are several categories of investments that offer the potential for individual tax savings. For instance, investing in an IRA allows same year income tax deductions and deferred tax payment on earnings if withdrawn at retirement. Another example would be municipal bonds which generally offer tax free income depending where you live. If a bond isn’t held until maturity, value can be lost. Other investments such as annuities offer tax deferred earnings.

Long-term Care Insurance (LTCI)

Coverage that funds nursing-home or home-health care (for individuals over age 65), or with a chronic/disabling condition requiring constant supervision. LTCI offers more flexibility and options than public assistance programs.

Disability Insurance

Disability insurance addresses the risks of working and active life through both short term and long-term products which will provide income for the incapacitated individual.

Employer Retirement Plans

Retirement plan established by an employer for its employees’ benefit. Retirement plans give employers tax benefits for contributions they make for employees. Qualified plans typically allow employees to defer some of their income into the plan, too. This lowers employees’ present income-tax liability by reducing taxable income. Contributions to a plan and any earnings are taxed when withdrawn at retirement. (Early withdrawals also carry a tax penalty.) Qualified retirement plans help employers attract and retain good employees.

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Managed Asset Accounts**

An option for investors is to have all of their investable assets consolidated into a portfolio that is regularly attended to by a professional investment manager who strives to manage risk. Like other investments, the value of managed accounts varies over time and principal can be lost. Generally, an annual fee based on the value of the account is assessed for this type of investing.

Individual Retirement Accounts

An individual retirement account (IRA) is a tool used by individuals to build retirement savings. There are several types of IRAs: Traditional, Roth, SIMPLE and SEP IRAs. IRAs can consist of a range of investments including stocks, bonds or mutual funds. Contributions to IRAs are tax deferred. Some accounts allow contributions to be deducted from current income.

Advisors

Joe Tauer Mortgage Loan Officer and Financial Advisor
Joe Tauer

Mortgage Loan Officer/Financial Advisor

NMLS #1578661

Bob Skillings - Financial Advisor for SouthPoint Financial Services
Bob Skillings

Financial Advisor


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