Tools for All Life's Stages

Investments

When it comes to choosing investment products, the options can seem endless. As we work together to develop your personal financial plan, Red Canoe Financial Group will help you understand the different products available and create a strong mix of investments that will help turn your financial plan into reality. You can learn more about some of the most common and effective investment products we work with below.

Investment Products

An individual retirement account, or IRA, is an account that belongs to you that you can contribute to. What is in the IRA can be many different things such as stocks, bonds, mutual funds, annuities or other investment products. IRAs can potentially reduce taxes you owe today and allow your money to grow tax-deferred. One of the financial professionals located at Red Canoe Credit Union can help you get started on an IRA Today.

Do you have dollars from a former job sitting in an account with your former employer? We will work with you to rollover those funds into an account that best meets your needs. An IRA rollover can give you greater control over your money, while maintaining the tax- deferred status of your account.

Rollovers we accept from:

  • Pension
  • 401(k)
  • 401(k) Roth
  • 403(b)
  • TSA
  • 401(a)
  • 457
  • PERS
  • TERS
  • SERS
  • FERS
  • SEP
  • Simple
  • TSP
  • Defined Benefit Plan
  • Deferred Compensation

With mutual funds investors pool their money into a diversified, managed portfolio of securities. They are managed by professional fund managers who decide the best time to buy and sell. There are different mutual funds for all different types of investors; aggressive, conservative or somewhere in between.

A Managed account is a fee-based investment product that is actively managed.  Managed accounts give you access to professional money managers, a high degree of customization and greater tax efficiencies.

Annuities are contracts with an insurance company that can protect you against the risk such as outliving your assets. They are designed for more conservative investors. There are fixed, index, income, and variable annuities, each with their own benefits.

Stocks or shares of a company allow you to own part of a company and can entitle you to a portion of the company’s assets and profits. A Bond is a loan to a company or government entity that will pay it back with interest. Both stocks and bonds allow you to diversify your personal portfolio in order to reach your goals.

Looking for a way to manage healthcare costs? A Health Savings Account is a type of savings account that allows you to set aside pre-tax money to pay for qualified medical expenses. Contributions are tax deductible or pre-tax, with all interest earned and withdrawals tax-free. They can help lower healthcare costs for high deductible plans because you are using untaxed dollars to pay for things like copayments, prescriptions, vision and dental, deductibles, and other expenses. Plus, your savings will roll over from one year to the next with no penalties.

As costs rise, higher education is one of the biggest expenses most people face. These plans were created to help future students and their families save money to offset the cost of eligible expenses like tuition, fees, books, and housing in order to reduce the need for student loans.

Insurance Products

Life insurance helps you prepare for the unexpected. It is designed to safeguard growing financial commitments (like marriage, children, mortgages, etc.) and helps you protect your loved ones if you and/or your spouse dies prematurely. We have many options available, including Term, Whole Life, and Universal Income policies. Talk to one of our advisors to discuss the amount and type of coverage you need in order to protect your loved ones.

The phrase “long-term care” (LTC) refers to the assistance that people with serious illness, injury, or cognitive impairment require with activities of daily living. This skilled care is provided by nurses, therapists, or other healthcare professionals. A majority of people believe that medical insurance will pay for all or much of their LTC. However, in many cases, general health insurance only provides very limited coverage. That’s where long-term care insurance (LTCi) comes in.

LTCi is insurance designed to help cover the expenses associated with the need for long-term care. This includes things like personal and custodial care in the home, at an adult daycare facility, in an assisted living, at a nursing facility, or on hospice. A range of options and benefits are available in today’s LTCi policies, allowing you coverage for the care services you require at a cost that fits your budget. Talk to an advisor to see if long-term care insurance is right for you.



The Red Canoe Financial Group program is offered through CUNA Brokerage Services, Inc.*, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA  Mutual Group. For more information about CUNA Brokerage Services, Inc. please visit cunabrokerage.com.

You can check the background of these investment professionals on FINRA’s BrokerCheck.