Filling up Your Retirement Passport
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We’re invested in you. Schedule a complimentary consultation with one of our CFS* Investment Representatives. Call us directly at (702) 641-4323 or visit us online at: ONCUinvestments.com *Non-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. One Nevada Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. (Member FINRA/SIPC) point focal CONTENTS Greetings, fellow Members! Beat the Heat The heat is on and summer has Page 3—4 arrived. I hope everyone had a great Fourth of July and that you’re enjoying the summer with friends and family. Passport to Retirement Here at One Nevada, we’ve been Page 5—6 busy working on this issue of Focal Point. The summer travel season is Member Profile in high gear, and in this issue, we’ve got your passport to Vaughn Hartung preparing for retirement and your guide to banking on the Washoe County, District 4 Commissioner go while you wander the globe. Owner Vaughn Hartung Enterprises This issue also covers the key themes from our recent Former Owner/Partner Hartung and Dickman Focal Point member survey. Special thanks to all of you Photography Studios who responded to our survey about how we can improve Sparks, Nevada this magazine. We got a ton of great feedback about both Page 7–8 the magazine and One Nevada in general. We’ve read each and every comment, and this issue 10 Tips to live the reflects some of the changes we’ve made to make the magazine more useful for you. Plus, check out the article perfect retirement on page 11 for a summary of the key themes we received Page 9–10 about how to make One Nevada better for you. Lastly, I wanted to address our recent, planned Focal Point survey findings system outage. I understand how inconvenient system Page 11 outages can be for you, especially over a weekend. I truly appreciated your patience and understanding during the outage. Serving the Community The reality is that these events are necessary from Page 12 time to time to ensure that we’re keeping our systems updated and prepared for the future so we can continue Did You Know? to provide you the highest level of security and the latest in features and functionality. I’m confident the changes Employee Focus that we implemented will benefit you for years to come. Page 13 Thanks so much for your continued membership! Paul Parrish, President/CEO Focal Point is produced Send comments and quarterly by One Nevada suggestions to: as a service to our One Nevada Credit Union members. Our goal is to Focal Point FOCAL POINT STAFF help you understand all 2645 South Mojave Road that membership offers Deborah Colby, SVP MARKETING/CMO Las Vegas, NV 89121 you, provide financial Jennifer Salvador, AVP MARKETING education and present [email protected] topics important to you. For address corrections, Jake Ludens, AVP MARKETING Schedule a complimentary consultation with one of our CFS* Investment Representatives. please speak with a Financial AVP MARKETING — NORTHERN NEVADA Lisa Jansen, Copyright ©2018. One Nevada Service Representative or Credit Union. All rights reserved. call us. Jara Pearson, DIGITAL MEDIA STRATEGIST Reproduction, in whole or in part, To find a branch in your area, Corey Scribner, SR DIGITAL CONTENT DESIGNER without written permission is prohibited. Insured by NCUA. go to OneNevada.org or Greg Pace, SR GRAPHIC DESIGNER Equal Housing Lender. download our mobile app. Beat the Heat his time of year, everyone seems to be traveling here or there. As a One Nevada member, you can take your financial prowess on the Troad with you thanks to the One Nevada mobile app. DO THE DIGITAL THING Ever imagine life without your smartphone? Yeah, right! Those handheld bits of internet have become essential tools in winning debates and finding places to eat. When you’re a One Nevada member, that phone can do even more. All you need is the One Nevada Mobile 3 SOUTH (702) 457-1000 | NORTH (775) 827-3880 | Q3 2018 WITH ON-THE-GO BANKING AND CREDIT CHECKS App and an Online Banking login to do BE CREDIT SAVVY Did we mention it’s FREE? Those FREE credit some remarkable, on-the-go things. We get it. Checking your credit score can checks allow you to: seem like a huge chore. Plus, there’s a • Get unlimited access to your reports and score Save money. When you’re out rumor going around that the more often • Save money with personalized offers shopping, you can redeem your debit you check your credit, the more it will • Stay current with credit report alerts card rewards at local retailers. Look for damage your score. We’re here to dispel the Cash icon. that myth and make credit savviness as DOWNLOAD THE ONE NEVADA MOBILE easy as using Online Banking. APP for your iOS (Apple) or Android device at Save time. Deposit checks, pay bills, Check Your Credit for FREE when One Nevada.org/app. Then take us with you transfer money, check your balances you log in to Online Banking or use the everywhere you go this summer. or find an ATM. It’s all there and easy Mobile App and look for ‘Credit Score.’ to use. This FREE service allows you to check Need help? Give us a call at (800) 388-3000 or Protect yourself. Check your credit your credit report and score while you’re stop by any branch. score and monitor your credit from your on vacation and continually monitor for phone. We call it being credit savvy. possible fraud. ONENEVADA.ORG | Q3 2018 4 Filling Up Your Retirement Passport he journey toward retirement The question is: will it be enough to retire bonds, annuities, as well as tried-and-true is packed with all kinds of on time? That all depends on when you savings accounts. fascinating locations that plan to retire, what you want to do during A 401(k) is a great example. These plans T you won’t find on any ordinary retirement, if you plan to continue your are often tax-deferred, meaning you don’t map. This adventure contains destinations current lifestyle, and how well you’ve pay any taxes on your withdrawals until like the city of 401(k), Downsizing Lane and planned ahead for inflation and your retirement. With annual IRS contribution Mt. Market Evaluations – all essential stops future medical expenses. limits as high as $24,000 for those 50 and as you fill up your retirement passport and older, these can be a great way to boost START BY CUTTING EXPENSES come closer to living your dreams. your retirement savings. Downsizing can be a great stamp for your ARE YOU READY FOR RETIREMENT? retirement passport. After all, it’s a good CALCULATE YOUR FUTURE Every day, another 10,000 Baby Boomers bet that you’ll spend less on housing and One Nevada has several retirement turn 65 in the U.S.1 While that’s a local transportation during retirement based calculators to help you fill up your staggering thought, what’s even more than you are now. Of course, medical bills retirement passport. You’ll find them all at startling is that about 30% of them will and the cost of traveling and leisure could OneNevada.org/calculators, they include: have no significant retirement savings. offset some of those savings, which leads How Much Will I Need to Retire? Use The idea behind retirement is that to a discussion about the future. this calculator to determine if you can you’re no longer working for a living. PLANNING FOR TOMORROW maintain your current lifestyle during Instead, you’re living off the money you Depending on how full your retirement retirement and what changes you saved and the investments you made passport is today, there are investment might need to make to get more from during your working years. If you’re like options that could help you catch up your later years. most Americans, you have some savings, with your retirement goals. Those may including an employer retirement include employer plans (401(k)), personal plan, Social Security benefits and other Individual Retirement Accounts, stocks, investments. 1Pew Research Center; 22016 TransAmerica Center study; 3Non-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. 5 SOUTH (702) 457-1000 | NORTH (775) 827-3880 | Q3 2018 How Much Will I Get from Social Xers still have some time to plan for and • Are you planning to care for your aging Security? This quick calculator save toward retirement. However, it’s parents? will help you estimate your Social estimated that 40% of Gen-Xers do not • Are you in the market for a second or Security benefits and help you have a plan for retirement2. That could vacation home? decide if you should take your be because they’re currently sending kids WORK WITH A RETIREMENT PASSPORT EXPERT withdrawals early or wait.