Retirement & Financial Planning - Coastal Wealth Management

Mapping Your Future

Coastal Retirement Planning Program

Do you have a secure plan for retirement? We are here to partner with you to make smart decisions with your money.

Coastal members get a complimentary and personalized Retirement Plan!

Connect with a CFS Financial Advisor to schedule your appointment.
In preparation for your meeting, you will be asked to complete our retirement planning profile.
During your meeting, we will review your data and discuss your retirement goals.
Schedule a follow-up meeting to review your advisor’s observations and recommendations.
Implement the recommendations you and your advisor agree on.
Create a retirement review schedule to stay on track with your goals and address any life changing events.

2024 Key Numbers – Tax Reference Numbers at a Glance

Retirement Income Planning

Making the transition from accumulating saving for retirement to turning your savings into an income stream can be concerning for many retirees. Coastal Wealth Management, available through CFS¹, can help you develop a retirement income strategy that helps you sleep better and enjoy your retirement.

Use our Retirement Planning Calculator as a starting point in developing this strategy and connect with one of our advisors to put it into action.

Retirement Plan Considerations at Different Stages of Life

Individual Retirement Accounts (IRAs)

IRAs offer tax advantages to encourage you to save for your retirement. There are different IRAs for different financial situations. To learn which IRA is best for you, contact Coastal Wealth Management, available through CFS¹, and learn more.

IRA Limits for 2024

Types of IRAs:

Traditional IRA
Rollover IRA
Roth IRA
SIMPLE IRA
SEP IRA
Non-deductible IRA
Beneficiary IRA
Trusteed IRA

Use our IRA Options Calculator to help you determine whether or not you are eligible to contribute to both the Traditional IRA and Roth IRA and the maximum amount that may be contributed.

Business Owner Retirement Plans

Choosing which retirement plan is right for your business can be very complicated. Coastal Wealth Management, available through CFS¹, can help you make that decision with some basic information about your business.

We work with several different types of retirement plans:

Traditional 401(k) – for medium size companies
Solo 401(k) – for small companies with only an owner and spouse as employees
SIMPLE IRA – for small companies with less than 100 employees
SEP IRA – for small companies with one to several employees.
403(b) plans – for non-profit organizations
Defined Benefit Plans – Traditional pension plans

Get Your Complimentary
Retirement Plan

We will contact you within one business day.
Or call us at 919-882-6655

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Sample Retirement Plan

When you engage in our Coastal Retirement Planning Program, available through CFS¹, you will receive an analysis similar to the following sample.

In this example, our Coastal members are concerned about healthcare and have a goal to travel during their retirement years, while maintaining their desired retirement income (page 1). This analysis includes two “what if” scenarios using different investment return assumptions (pages 6 through 10). We will analyze all aspects of your current financial position to see if you are on track to achieve your financial goals, and we will create a personalized strategy just for you.

Take a look at one of our sample plans to get a glimpse of our retirement planning process.

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Asset Allocation Analysis

Asset Allocation is one of the most important factors that can help determine the rate of return on your investments. It is an investment strategy that uses the following three things to determine how much of your money should be in cash, bonds and stocks.

Your goals for the invested money.
Your risk tolerance (how does it make you feel when your account balance goes down?)
The timeframe for keeping your money invested.

Through our experience meeting with members, we find that many have their money invested in ways that don’t match their goals, risk tolerance or timeframe.

Coastal Wealth Management, available through CFS¹, has access to Morningstar® software to help us evaluate how much risk you are taking in your portfolio and to evaluate the quality of your investments.

See our sample Morningstar® analysis.

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¹Non-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. Coastal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

CFS representatives do not provide tax or legal guidance. For such guidance please consult with a qualified professional. Information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.