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 provides Advantage Plus Investments, a program to connect members with investment management services and financial planning tools, and help create plans to achieve your goals and reach financial well-being. You will have your own wealth management team, led by your dedicated advisor, who will provide financial advice and investment management. 

Your Advisor

EVAN KULAK
Credit Union
Wealth Group

P. 301-798-4481

evan@cuwgroup.com

You have a dedicated wealth advisor in Evan Kulak.

As a fiduciary, Evan is obligated to put each client’s best interest first and provide objective advice. There are no contractual ties to any fund families, nor any received compensation from mutual funds he 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.

Solutions for Many

Every client is provided 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. ACT1st members can receive managed accounts including basic individual & business investment accounts, or more sophisticated retirement structures that include Traditional IRA, Roth IRA, SEP, SIMPLE, Rollover, 401 (k), 403 (b), 457 Plans, and Health Savings Accounts (HSAs).

With dedicated Wealth Advisor, Evan Kulak, and a robust financial toolkit, 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 Advantage Plus Investments.

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.

 

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.