Advantage Plus Investments

Introducing Advantage Plus Investments

We know that you dream of a comfortable retirement. It’s never too early to start planning for one.

Advantage Plus Investments

What are your long-term goals? Are you saving for college or retirement, looking to generate long-term wealth, or just building up a financial safety net? No matter the future life events important to you, it’s likely time to start investing. But let’s face it, understanding and managing investments can be intimidating and costly, which is why many people never begin.

That’s why ACT 1st FCU has partnered with Polaris Portfolios, a financial advisory firm that provides investment management solutions and financial planning tools, to help you create a plan to achieve your goals, and move from financial crises to financial well-being. Their planning tools are robust enough for the most seasoned investor, yet accessible and affordable enough for everyone else.

You have a dedicated wealth advisor in Evan Kulak.

As a fiduciary, Polaris is obligated to put the client’s best interest first and provide objective advice. They do not have contractual ties to any fund families, nor do they receive compensation from mutual funds they may recommend. Evan works to understand each client’s financial situation, risk tolerance, investment needs, and long term goals to build financial strategies and investment portfolios that help achieve the long-term financial success you deserve.

Low, Transparent Fees.

The annual cost for Polaris’ services is only .75% of the assets managed for you per  year. This fee is debited monthly from your investment account. There are no load, transaction, trading, transfer, commission or hidden fees to pay along the way.

Solutions for Many

Polaris provides every client with an online personal financial dashboard. Clients can easily access their portal to open an account, view important information, link outside holdings, transfer funds, and utilize interactive financial planning tools. Polaris can manage basic individual and business investment accounts, to more sophisticated retirement structures that include Traditional IRA, Roth IRA, SEP, SIMPLE, Rollover, 401 (k), 403 (b), 457 Plans, and Health Savings Accounts.

With dedicated Wealth Advisor, Evan Kulak, and a robust financial toolkit from Polaris, starting and managing an investment  portfolio just went from frustrating to fun. It’s never too early – or late – to start adding investments to your financial arsenal. As a matter of fact, now is the perfect time to get started with Polaris Portfolios.

Call ACT 1st Wealth Management Warrior Colleen Stewart at 240-284-1271 for more information, or you can schedule a complimentary call with Evan – no commitment necessary. Evan is available morning, evenings, and weekends in addition to normal business hours. Easily connect with Evan by phone, email, or video chat.

       

The Polaris Commitment.

Polaris’ mission is to provide their clients with objective advice and professional investment management, regardless of their level of wealth. Their advisors work in the best interest of their clients and adhere to their guiding principles.

Investment products and services are offered independently through Polaris Portfolios, LLC. Brokerage services are provided to clients of Polaris Portfolios, LLC by Marsco Investment Corporation which serves as a fully disclosed introducing broker to Interactive Brokers Group, a registered broker-dealer and member FINRA/SIPC. Polaris Portfolios and ACT 1st Federal Credit Union are not affiliated. Products and services made available through Polaris Portfolios are not insured by NCUA or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any credit union, credit union service organization, or credit union affiliate. These products are subject to investment risk, including the loss of principal. Polaris Portfolios, LLC is a registered investment advisor with the U.S. Securities and Exchange Commission pursuant to the Investment Advisers Act of 1940.

IRAs

Maybe retirement is so far away that you’re not even thinking about it. That doesn’t mean you shouldn’t start saving for it. Regardless of your age, it might be time to consider opening an IRA, or individual retirement account.

IRA Options at ACT 1st Federal Credit Union.

Traditional IRA

A traditional IRA allows you to save on your own for retirement with tax-deferred earnings and a possible tax-deduction. In other words, your deposits are allowed to grow and compound on a tax-deferred basis, but your distributions, once you retire, will be taxed as ordinary income. Essentially, you are deferring the tax you’ll have to pay to a later date. Because of that, a Traditional IRA is known as the pay later option. Also, a Traditional IRA requires you to begin taking distributions at the age of 72.

Roth IRA

A Roth IRA allows you to contribute money that you’ve already paid taxes on; it then allows that money to grow tax-free until retirement. Your contributions also depend on the modified adjusted gross income, or MAGI, limits. Also, you are not required to take distributions on Roth IRAs under the tax code – regardless of your age. If you don’t need the money from your Roth IRA, you can just let it grow and one day pass it on to your beneficiaries.

Which One Should You Choose?

The main difference between a Traditional IRA and a Roth IRA relates to when and how the money that you put into the IRA is taxed. Ultimately, when it comes to deciding between a Roth IRA or a Traditional IRA, it depends on what you expect your income to do in the future. Here’s a link to get the run down on all the IRA basics and to learn about their differences.

Coverdell Education IRA

A Coverdell Education Savings Account (ESA) is a special account designed to help pay for your child or grandchild’s education. Even better, withdrawals are free from federal taxes, so long as you use the money for qualified education expenses, (from kindergarten through college) such as tuition, books, supplies, uniforms, room and board, computer equipment, and internet service.

 

Please DO NOT EVER share ACT 1st Federal Credit Union Online Banking login credentials with ANYONE - including a company or individual. Thank you!