Feel Good About Retirement: Start Planning Now
March 28, 2022
Planning for retirement is one of the most important ways you can invest in yourself and your future. No matter what you need, RCU, in partnership with CUSO Financial Services, L.P.* (CFS), will help you explore your options and work toward your retirement goals.
As an RCU Member, you have access to an array of investment choices, planning support, and personalized services offered through CFS.* Take the mystery out of investment planning and create the foundation for a better financial future.
Here’s how we can help you:
- Personalized plan and savings analysis – This customized road map will illustrate your projected benefits and recommend a model portfolio that matches your personal investment style and objectives.
- Income planning – Estimate how much income you’ll have and develop plan to help attain lifestyle goals in retirement without running out of money.
- Professional investment advice – Take advantage of a collection of professional investment management and advisory services.
- Retirement plan review – You may request a personalized retirement plan review at any time to assess progress of your savings and investment strategy.
- Ongoing education and support – A wide variety of education and support services are available to keep you actively involved in the progress of your plan.
Ready learn more? Schedule a complimentary appointment with a CFS* financial advisor today.
*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. Redwood Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union Members.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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