Investment Services at MAFCU
Don't Dream About Your Future...Plan For It
MAFCU Partners With Northeast Planning Associates, Inc.
MAFCU has a strategic partnership with Northeast Planning Associates, Inc., to provide member access to financial planning and brokerage services. Financial planner Raymond R. Noel, RFC, CFS, MBA, BCM, meets with individual MAFCU members and prepares customized financial plans at no cost to members.
Services include comprehensive financial planning; developing and implementing investment strategies; multi-generational estate planning; college education planning, and retirement distribution strategies.
Noel is at MAFCU during specific hours, and also is available by appointment. Noel, whose career in the financial services industry spans more than 30 years, is a Registered Financial Consultant specializing in Retirement and Estate Planning, Investment Advisory & Management Services and Executive Compensation Programs.
Plan for Your Future
By Raymond R. Noel, RFC, CFS, BCM, MBA
If you're like most of us, you have an idea of where you want to go, but are too busy to plan your financial future. We all want happiness, good health, and financial wellbeing. Unfortunately, most of us have no clear plan on how to achieve these goals. Like any goal, one of the best ways to work toward achieving financial independence is to create a plan that helps you strive to gain the things you want.
Asking questions and listening to your answers is the best way we can understand your financial needs. Together, we review your present situation and define future goals. We put together a strategy of specific recommendations to form an comprehensive financial plan, and we help you implement that plan.
For You and Your Family
- Investment Planning
- Investment Analysis
- Asset Management
- College Planning
- Retirement Planning
- Tax Planning
- Insurance Planning
- Distribution Planning
- Estate and Legacy Planning
For You and Your Business
- Succession and Retirement Planning
- Key Executive Benefits
- Deferred Compensation
- Executive Bonus
- Qualified Retirement Plans
- Pension
- Profit Sharing
- 401 (k)
- SEP
- Employee Group Benefits
- Employee Educational Seminars
Tax-Planning Tips
By Raymond R.Noel, RFC, CFS, BCM, MBA
When Benjamin Franklin wrote that nothing is certain but death and taxes, he had no way of knowing that complex changes to the tax code would become an annual certainty as well. A little time thinking about tax planning may yield benefits when it’s time to prepare your income tax return.
Tip 1: Defer income You may be able to reduce your tax bill by deferring income to the following tax year. Deferring taxable income can be as simple as increasing contributions to a tax-deferred retirement plan; rolling over a taxable distribution from an employer’s retirement plan if you change jobs or retire; or shifting income to a family member who is in a lower tax bracket.
Tip 2: Benefit from non-taxable income Employer-sponsored flexible spending plans enable you to withhold a portion of your pay before taxes and have it deposited into a plan account. You use the account to pay for healthcare expenses that are reimbursable.
Tip 3: Remember your charitable donations Did you donate cash, clothing, household items or anything of value? Your donations may qualify for a tax deduction if the organization that received the donation has tax-exempt status from the IRS. The organization receiving the donation will provide you with a receipt for filing with your tax records.
Tip 4: Include all dividends and interest Were you aware that the IRS has all records of bank and investment accounts? If you do not report all dividends and interest, you could be subject to penalty payments, plus interest.
Tip 5: Can you save with tax credits? Tax credits may be available for education costs, child and dependent care expenses, and earned income credit for lower-salaried taxpayers. A tax professional can help you determine if any of these credits are available to you.
Tip 6: Filing tips Simple reminders, but very important: Do not miss the filing deadline of midnight, April 15; use the right tax form; double check your numbers; attach all forms; make your check out correctly; sign and date your return; and be sure to include the proper postage.
Financial Planner offers advisory services through Northeast Planning Associates, Inc. (NPA), a registered investment advisor. Securities and advisory services offered through LPL Financial, member FINRA/SIPC. Not NCUA insured, no Credit Union guarantee, may lose value. The Credit Union, NPA, and LPL Financial are not affiliated. The financial professional associated with this site may only discuss or transact securities business with residents of the following states: NH, MA, AZ, Fl, GA, ME, NC, PA, RI, SC, TX, VA, VT.