Rest Confident, Your Money is Safe and Secure at Kirtland Credit Union, a message from our President & CEO. Learn More
We have engaged FORVIS, LLP (Attn: Jeff Rosno, 1801 California Street , Ste. 2900, Denver, CO 80202) to perform member verifications. Kindly compare the balance of your accounts on your December 2022 statement WITH YOUR RECORDS. If balances do not agree, please address your discrepancies directly to FORVIS, LLP. Include your name, truncated account number, and an explanation of the difference noted. A reply is not considered necessary unless a difference is noted.
Friday, March 15: the Kirtland CU branch on KAFB is CLOSED. We apologize for any inconvenience. Please visit our nearest Gibson branch for assistance.
Online and Mobile Banking are intermittently unavailable. We are working to resolve the issue and apologize for any inconvenience.
Kirtland Credit Union will never ask you to provide, update, or verify personal or account information through an unsolicited email, phone call, or text message. If you receive an unsolicited email, phone call, or text message, DO NOT RESPOND. Notify us at (505) 254-4369 or 1-800-880-5328.
Concerned about how a government shutdown may impact you? Call us at 1.800.880.5328 to discuss your needs.
ROUTING NUMBER: 307070050
By Kirtland Financial Services
As professionals, managing our own finances can be a challenge. However, one area that we often overlook, yet is vitally important, is understanding and navigating our aging parents’ finances. As they move into retirement and beyond, their financial landscape can become complicated, making it necessary for us to step in. Here are some crucial areas to focus on:
Understanding your parents’ income sources is the first step in comprehending their financial status. This includes pensions, social security, retirement savings, rental income, and other assets.
Knowing where the money is coming from can help anticipate potential issues, such as a fluctuating income or the need for additional support.
Having a conversation about your parents’ estate plans can be difficult, but it’s essential. This includes understanding their will, any trust arrangements, and their wishes regarding the division of assets. It’s also important to know who they’ve named as executors or trustees. Having these conversations early can prevent misunderstandings and legal complications down the line.
Healthcare costs can skyrocket in old age, and it’s essential to understand how these expenses will be covered.
If not, it may be worth discussing these options and understanding what healthcare costs could look like in the future.
Elderly individuals are unfortunately often targets for financial scams and abuse. It’s important to regularly check in on your parents’ financial transactions and be vigilant for any signs of suspicious activity. This can include unexplained bank withdrawals, sudden changes in their financial condition, or new, unknown ‘friends’ who show an unusual interest in their finances.
A financial professional can be an invaluable resource for helping you manage your parents’ finances. They can help with everything from planning for retirement income to advising on estate planning and managing investment portfolios.
If your parents don’t already have a financial professional, consider helping them find one. Remember, it’s critical that this professional is a fiduciary, meaning they’re legally obligated to act in your parents’ best interests.
Navigating your parents’ finances can be a complex task, but it’s a critical part of planning for their comfort and security in their golden years.
By taking the time to understand their financial situation, planning for future costs, and seeking professional advice, you can help guide them through this stage of life with confidence.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.
This article was prepared by FMeX.
LPL Tracking #1-05373106
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Kirtland Federal Credit Union and Kirtland Financial Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Kirtland Financial Services, and may also be employees of Kirtland Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Kirtland Federal Credit Union or Kirtland Financial Services. Securities and insurances offered through LPL or its affiliates are:
Not NCUA Insured or Any Other Government | No Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value |
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Kirtland Federal Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services.
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
CRPC®️ conferred by College for Financial Planning.
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Routing Number: 307070050
6440 Gibson Blvd. SE, Albuquerque, NM 87108
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