Securities offered through LPL Financial, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates.
The professionals at LPL Financial located at Northrop Grumman Federal Credit Union may only discuss and/or transact securities business with residents of the following states: AL, AZ, CA, CO, CT, FL, GA, HI, ID, IL, IN, KS, KY, MD, MI, MO, MS, MT, NC, NM, NV, NY, OK, OR, SC, TX, UT, VA, WA, and WI.
The professionals at Blue Heron Financial Group may only discuss and/or transact securities business with residents of the following states: AL, AR, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MA, MD, MI, NC, NH, NJ, NV, NY, OH, PA, RI, SC, TN, TX, VA, VT, WA, and WI.
Membership in Northrop Grumman Federal Credit Union means co-ownership in one of the strongest credit unions in the country.
The following investment programs and services are available through representatives of LPL Financial by contacting LPL Financial in Southern California and Margaret Kosmerl, Blue Heron Financial Group, in Maryland and Virginia.
Coverdell Education Savings Accounts & 529 Plans
The right time is now to start saving for a child's education expense. LPL representatives can help you identify the investment tools and tax incentives to prepare the youngsters in your life for future education opportunities.
An IRA rollover is one of several options that you have when separating from employment. You can talk to a professional if you have any questions about IRA rollovers.
LPL Financial representatives work regularly with Northrop Grumman employees as they retire or transition away from the company. In doing so, they have become exceptionally knowledgeable in savings and investment plan programs, as well as some attractive ways to access accumulated funds. Because the needs of each employee are unique, we encourage you to contact LPL Financial to arrange a meeting to discuss your particular situation.
What if you died today? Who would receive your assets? When would they receive them? Would probate be a big hassle? Who would pay your estate taxes? When? With what? Although the death of a family member is always painful, transferring assets to a loved one does not have to be. Living Trusts have proven to be a popular, cost-effective option for many.
Mutual funds are simply large portfolios of investments which are professionally managed and focused on the accomplishment of a single financial goal, such as income or growth. Mutual funds allow investors to pool their assets and may offer the potential for greater diversification than can generally be achieved by any individual investor. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Shares of mutual funds, upon sale, may be worth more or less than the original cost. Investing in mutual funds involves risk, including possible loss of principal.
Annuities: Fixed and Variable
Annuities are contracts created and sold through life insurance companies. Annuities are long-term investment vehicles designed for retirement purposes. There are two main types. "Fixed annuities" provide a specified rate of return for a specified period of time. However, because of the diversity of their portfolios, "variable annuities" generally offer the potential for greater growth--but without the "guarantee" of a specified return. Variable annuities are subject to market risk and may lose value. They contain both an insurance and investment component. The key advantage of fixed and variable annuities is tax-deferral. As long as the money remains in the annuity, any earnings accumulate free from current taxes. Income tax is only due as the funds are disbursed. Surrender penalties may apply when principal is withdrawn. Withdrawals prior to age 59 1/2 may be subject to IRS penalty. All guarantees are based on the claims-paying ability of the issuer.
When faced with choices regarding pension pay-outs, many individuals make poor decisions. Understanding the differences in the choices offered, the funding methods used to provide a future income stream, and alternatives that should be considered, require both time and expertise. Depending on an individual's age and health, more attractive alternatives may be available. Discussing your personal situation with a knowledgeable professional can be highly advantageous--but only before any pension decisions are made! Contact an LPL Financial representative to discuss your personal situation.
Because of changes in the tax laws, the lone remaining "tax-free" investment available to most individuals today is the "Municipal Bond." Municipal bonds are debt obligations offered by city, county and state governments to raise money for projects dedicated to the common good, such as bridges, roads, and hospitals. These bonds are available individually or may be purchased as part of a larger portfolio, such as a mutual fund. The interest paid annually is generally exempt from federal tax, and in some cases, state and local taxes as well. However, please note that bond earnings may be subject to alternative minimum tax.
Stocks are considered "equity" investments and represent ownership. When you purchase a stock, you become a part owner of that company. For that reason, you are entitled to participate in the dividends the company pays, as well as any appreciation. Because stocks offer such up-side potential, they also have down-side risk, that is, they can decrease in value. As a result, many individuals elect to distribute their risk and purchase stocks as part of a well-diversified, professionally managed portfolio, also known as a mutual fund. Because of short-term volatility, most investors consider stocks to be "long-term" investments which should be held 5 to 7 years or longer. Stocks are more volatile than bonds.
Bonds are simply "debt" instruments or IOUs. When you purchase a bond, you are lending money for a specified amount of time at a predetermined rate of interest. Of course, the credit worthiness of the issuer will vary. Bonds are offered by the federal government (Treasury securities), state governments (municipal bonds), and individual corporations (corporate bonds). U.S. government securities are guaranteed as to the timely payment of principal and interest. Municipal and corporate bonds are not subject to that guarantee.