Wealth Services

Everyone needs a helping hand to reach their goals, but it's not always clear who to turn to. You may not know this, but at Raymore Credit Union, we can be that helping hand. Our outstanding Wealth Services team can assist you with everything from short-term savings goals to investments and long-term financial planning.  

 

 

 
Investing

Here's a little known fact: You don't need a lot of extra cash to get investing. Here's another one: The Wealth Services team at Raymore Credit Union can get you started no matter how much you've got to invest.

We provide our members access to an exceptionally wide range of investment products and services. Not only can we help you start and grow an investment portfolio right here in your own community, we also give you access to a nationwide chain of experts dedicated to helping credit union members like you. It's all a part of giving you outstanding service, no matter where you live, what you need or what the size of your account might be.

We provide access to a wide range of:

Retiring

There's more to retirement than just saving your pennies. It's about envisioning the kind of life you'd like to live when you're no longer earning an income, then putting a plan in place to make that happen.

Whether you're just starting out with your first RRSP or getting ready to live the good life, we can help you put together a Retirement Income Plan that maximizes your current income while at the same time moving you toward the kind of future you envision.

We can help you with: 

Planning

For many of us, creating a ‘big picture' plan sounds painful, but at Raymore Credit Union, it really isn't. We're here to provide advice, support and the right products to help you create a financial roadmap that fits your life today and in the future. Whether you want to buy a house, take a trip, build a nest egg, consolidate debt, expand your family or protect what matters most, we can help.

We offer:

  • Financial Planning*
  • Investment Planning
  • Education Planning
  • Estate Planning
  • Succession Planning

*Mutual funds and related financial planning services are offered through Credential Asset Management Inc.

 

Disclaimers

**Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.

NEI investments is a registered trademark of Northwest & Ethical Investments L.P. Credential Asset Management Inc., Credential Qtrade Securities Inc. and Northwest & Ethical Investments L.P. are wholly owned subsidiaries of Aviso Wealth Inc.

 

Executor EASE

Losing a loved one hurts...Settling their estate doesn't have to.
Through the program, Executor EASE, Concentra Trust can provide you with cost-effective support, based on your unique needs, levels of experience and comfort.  Executors are free to choose the service(s) they need assistance with and maintain full control throughout the process. 
Acting as an executor can be a very tough job; many people who accept this role don't fully understand all the duties, responsibilities and personal liabilities that come with it.  Concentra can help as little or as much as is needed.  

Visit Raymore Credit Union to discuss Executor EASE or contact Concentra Trust at 1-800-788-6311 ext 1888.
*Concentra Trust is a wholly-owned subsidiary of Concentra Bank.

Qtrade Investor

 

Online investing with Qtrade Investor

We have partnered with Qtrade Investor to provide you with online investing from one of Canada’s best online brokers. If you prefer to self-manage your investments, Qtrade Investor empowers you to reach your investment goals.

https://www.qtrade.ca/investor

Online brokerage services are offered through Qtrade Investor, a division of Credential Qtrade Securities Inc.

 

RRSP

A Registered Retirement Savings Plan (RRSP) is intended for retirement savings. 

RRSP contributions are tax deductible, meaning you deduct your contribution from the income you report on your income tax return.  You pay tax on your RRSP withdrawals because you made contributions with pre-tax dollars.  RRSP growth is tax-sheltered until withdrawal. 

Once you turn 71, you cannot make any more contributions to your RRSP, instead you will roll it into a RRIF (Registered Retirement Income Fund) and begin receiving income from the plan. 

 

2019's Contribution Deadline: March 1

For more information, contact us, we are happy to help!

Rich Lang, CFP                                               Janet Breti
Wealth Management Specialist                     Wealth Management Specialist Assistant
306.746.2160 ext. 224                                     306.746.2160 ext.288
rlang@raymorecu.com                                  jbreti@raymorecu.com

 

 

TFSA

A Tax Free Savings Account (TFSA) can be for any type of savings goal. 

TFSA contributions are not tax deductible, meaning you cannot deduct your contribution on your tax return.  Withdrawals are tax free because you made the contributions with after-tax dollars.  Interest earned is also tax free! 

 

2019 Contribution Limit: $6,000       
Accumulated Contribution Limit (since 2009): $63,500

Do you know your available TFSA Contribution Room?  Visit the Canada Revenue Agency (CRA) online  http://www.cra-arc.gc.ca/tfsa/ or download their Mobile App.


There is no better time to start saving than today!
Contact us:

Rich Lang, CFP                                               Janet Breti
Wealth Management Specialist                     Wealth Management Specialist Assistant
306.746.2160 ext. 224                                     306.746.2160 ext.288
rlang@raymorecu.com                                  jbreti@raymorecu.com

 

Aviso Wealth Inc.

On April 1, 2018, Credential Financial Inc., Qtrade Canada Inc. and NEI Investments merged to form Aviso Wealth.  Owned by Desjardins Group, the Co-Operators (through CUMIS) and a limited partnership of credit unions across Canada, Aviso Wealth is a leading national wealth management provider.  This merger makes it possible for Canadian credit unions like ours to offer members an integrated range of products and services to meet their financial needs.  At the community level, Credential Asset Management Inc. ("CAM") representatives, work in credit unions across the country to help Canadian credit union members like you to set and achieve their unique financial goals.

Raymore Credit Union is proud of our association with Credential.  Not only do CAM representatives strengthen our team and our credit union, they bring the very best in mutual fund investments and financial planning** products and services to our members.  These products complement the traditional savings programs offered by Raymore Credit Union, making it possible to provide our members access to national-level investment services right here at home.