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Mid American Retirement and Investment Services

CUSO Financial Services, L.P. (CFS)

 

SteveYokum

Steve Yokum, ChFC, CRPC, CLU

Financial Advisor

CUSO Financial Services, L.P.

 

Today’s marketplace can make it difficult to decide on which investment direction to take. Our full-time financial advisor can help guide your decisions about current investments and plans for your future. From conducting a review of your long-term financial goals to investing for a child’s education or your retirement, we can work with you to create the comfortable financial lifestyle you want —and deserve.

We offer free, no-obligation presentations on a variety of investment and retirement topics on a regular basis. Check our newsletter and online news section for information on those seminars.

 

Located at: Mid American Credit Union - 8404 West Kellogg Drive, Wichita, KS 67209

316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

Products and Services

Our vision at Mid American Credit Union is to provide our members superior financial solutions, comprehensive products and an unparalleled service experience.

 Whether you’re looking for overall financial guidance, assistance with a specific financial goal, creating a comprehensive financial plan or just get a second opinion, we’re here to help.

 Our CFS Financial Advisor Steve Yokum can provide you individualized service, and is experienced in working directly with members like you.

Services include:

  • Reviewing Your Current Financial Plan
  • Retirement Planning
  • IRA, 401(k), 403(b), 457 plans, and TSP Rollovers
  • Tax Efficient Investments†
  • Retirement Income Strategies
  • Education Funding
  • Life and Long Term Care Insurance

Creating a Financial P.L.A.N.

The road to financial freedom can be short and sweet for those who follow a road map or a long and daunting path for those who fail to make a plan. Let  Steve Yokum, our CFS* Financial Advisor, help you take the first steps toward building a confident financial future, by creating a road map to your financial freedom, and designing a P.L.A.N.

 

Pay yourself first

       Promise yourself to take advantage of your employer's retirement plan, whether it's a 401(k), a 403(b), or any other kind of contributory plan.

       Consider †Dollar Cost Averaging, instead of investing assets in a lump sum, this may help to spreads the cost basis out over several years, possibly providing insulation against changes in market price.

 

Live within your means

       Promise to pay off your credit cards. Credit card debt is the number one reason most people can't get ahead. Paying the minimum balance due on a $10,000 credit card balance with an 11% interest rate could take 20 years to pay off.

       It's often more rewarding to save for something vs. putting it on a card and getting stuck with payments. If you can't afford it, think twice about buying it.

       Financial fitness is a commitment, a lifestyle, similar to going to the gym and eating right.

 

Assure your family’s stability

       Write or update your will. Wills are not just for the rich. Regardless of how much or how little money you have, a will may ensure that whatever personal belongings and assets you have will go to beneficiaries you designate.

       If you have children, a will allows you to appoint a guardian for them in the event of your death.

       Life events such as buying a home or having a child could change the amount of coverage a family needs, work with financial professional to assess the amount of coverage you and your family may need.

 

Never stop learning

       Write down your financial goals, this is your road map to financial freedom.

       Work with a financial advisor can keep your up to date with new investment opportunities available to you and your family.

       Regular reviews can help keep your investment choices on pace with your needs based on risk tolerance and time horizon.

 

To learn more about creating a financial P.L.A.N., contact Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209

Retirement Planning

Many of us look forward to the day when we’ll be spending time with the grandkids and not time sitting in traffic on the way to the office. However, retirement does not simply begin at 65; it’s a journey that begins today. 

At Mid American Credit Union, CFS* Financial Advisor Steve Yokum will meet with you to uncover your needs and long-term goals, then build a complimentary financial plan, that will help you to uncover: 

  • Which investment strategy is appropriate for you, your family, and your future
  • Review various asset allocation models and investment vehicles used to build a nest egg
  • Your risk tolerance and time horizon
  • Help you understand the ups-and-downs of the market and how they may affect your long and short-term goals 

To learn more about retirement planning, contact Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209

 

Saving for College

Whether they want to grow up to be a farmer or a firefighter, as parents and grandparents we want to support them and their dreams, as best we can. 

Mid American Credit Union and CFS* FinancialAdvisor Steve Yokum can help you; help your children and grandchildren by: 

Discussing the different plans available and uncovering what’s best for your family:

  • 529 Plans**
  • Coverdell Education Savings Accounts
  • UGMA & UTMA Custodial Accounts for Minors

Answer frequently asked questions by grandparents

  • Will Medicaid count my grandchild’s 529 plans as a part of my assets?
  • Can I access the money in the event of an emergency?
  • Can a 529 plan affect my grandchild’s chance of receiving financial aid? 

To learn more about higher education planning needs, contact Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209 

** Investors should consider investment objectives, risks, and charges associated with Section 529 plans prior to investing. Contact your financial advisor or 529 carrier for more information about municipal fund securities which is available in the issuer’s official statement or plan disclosure which should be read carefully prior to investing.

Life Insurance

Has your insurance kept up with the changes in your life?  If you’re like most people you probably already own some life insurance.  But it is still enough to cover all your needs?  Have you thought about Long Term Care Insurance and Disability insurance to cover you in case you’re sick or hurt and can’t work?   

This may sound like it’s all gloom and doom, but it just takes a few minutes to uncover if you and those you love have enough coverage, let Steve Yokum, CFS* Financial Advisor at Mid American Credit Union, help to ensure your family is protected: 

 Personal Needs:

  • Death before loan/debt repayment can be finished
  • Spouse outliving a life only pension plan
  • Death before reaching personal goals the client wants funded
  • Ex. Retirement funding for spouse, child’s education
  • Tax-free income
  • Disability Insurance
  • Long-Term-Care Insurance

Family Needs:

  • Death of a primary income earner
  • Final expenses
  • Dependent income
  • Education
  • Family goals
  • Support of parents
  • Wealth transfer/preservation 

To learn more about life insurance and protecting your family, contact Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209 

Steve Yokum is insurance licensed in Kansas, 4888493

Estate Planning

Estate planning can be a crucial part of financial planning. You have to think not only about your goals today, but also for future generations. Once you have planned retirement and invested wisely, it's time to focus on how your assets will be managed after your death. 

At Mid American Credit Union, CFS* Financial Advisor Steve Yokum can help you. He is here to answer all your questions and can help you create a plan so you can feel confident that your assets are distributed the way you desire. 

Whether your estate is large or small, there are many issues to consider in creating an estate plan, let Steve Yokum help you uncover: 

  • What are your assets and their approximate value?
  • Where will your assets go when you pass away?
  • Who will take care of your finances when you are no longer able to do so?
  • Who should be responsible for taking care of your children if you become unable to care for them yourself?
  • Who should make decisions on your behalf if you become unable to care for yourself?
  • What do you want done with your remains after you die?  

To learn more about estate planning and protecting your family, contact Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209

Consolidating Retirement Accounts

In or nearing retirement, everyone should begin to look closely at their funds. If you have IRA's, 401(k)'s and pension plans scattered all over, you may want consider consolidating your accounts. At Mid American Credit Union, CFS* Financial Advisor Steve Yokum can help you. He is here to answer your rollover questions and find ways to:

  • Potentially save money on annual fees
  • Create opportunities to allocate, diversify, and rebalance in one portfolio
  • Offer valuable estate planning features
  • Simplify required minimum distributions
  • Provide access to one easy consolidated statement  

To learn more about consolidating retirement accounts, contct Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209

Retirement Planning After 50

When you’re in your 50s, retirement planning is more important than ever, especially considering many of us can expect to live well into our 90s. 

At Mid American Credit Union, CFS* Financial Advisor Steve Yokum can help you create a financial P.L.A.N. and uncover ways to catch-up by:

  • Creating a Financial P.L.A.N. - Pay yourself first, Live within your means, Assure your families stability, and Never stop learning
  • Helping you uncover the maximum contribution your allowed from your workplace retirement plan and Individual Retirement Accounts
  • Uncovering ways to take advantage annual catch-up contribution provisions
  • Discussing ways to create multiple income streams

To learn more about learn more about retirement planning after age 50, contact Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209

Income Strategies in Retirement

Millions of Americans in retirement may be scrambling to find ways to make ends meet without the income from a full-time job, and trying to recover from recent market volatility. 

Fortunately, there are several possible solutions available for those looking to increase their income during their non-working years. At Mid American Credit Union, CFS* Financial Advisor Steve Yokum can help you overcome several retirement income challenges and create a predictable income stream by: 

  • Designing a retirement plan
  • Uncovering your basic expenses and discretionary expenses
  • Evaluating current sources of retirement income
  • Identifying potential gaps between income and expenses
  • Anticipating fixed and discretionary expenses in retirement
  • Positioning assets to generate income
  • Uncovering new sources of income  

To learn more about generating income in retirement, contact Steve Yokum today to schedule a free, no-obligation appointment at 316-722-3921, ext. 182 - Fax 316-722-1849 - This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit Mid American Credit Union, 8404 West Kellogg Drive, Wichita, KS 67209

 

 

 

*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. Mid American Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

Mid American Credit Union8404 West Kellogg DriveWichita, KS 67209316.722.3921Fax 316.722.0920Privacy Policy