VyStar Investment Services: When it Comes to Finances, Knowledge is Power

Published April 13, 2023

It’s often said that knowledge is power. That is especially true when it comes to your finances. Achieving your financial goals rarely happens by accident, but rather is the result of a series of intentional decisions. Those decisions start with education.

April is National Financial Literacy Month, and VyStar Investment Services wants to help you power up with the knowledge you need to set yourself up for success. Your journey starts with a set of well-defined goals for you and your family. As you begin to create those goals, make sure they are S.M.A.R.T.!

  • Specific

  • Measurable

  • Attainable

  • Relevant

  • Timely

Creating Goals for Yourself

You cannot manage what you cannot measure, so your goals should be something specific to you that you can track your progress. For example, say your goal is to retire at age 62 with $3 million in the bank and your home paid off. Understanding exactly what you are trying to achieve and the timeframe in which you want to achieve it will increase your chances of success. The goal should be timely and attainable. If you are setting unrealistic goals, you may get discouraged along the way and give up. Most importantly, it should be relevant to you.

Reaching Your Goals

Once you understand what your goals are, it is time to assess what you are currently doing to achieve them. Be honest with yourself and be reasonable. Is there more that needs to be done? Review your retirement savings at work and beyond. Are you contributing to a 401(k) or Individual Retirement Account (IRA)? Are you giving yourself annual raises? Are you aggressively paying down your high-interest debts? Is there room in the budget for additional mortgage payments? Have you saved for your kids' college expenses? Will you be caring for aging parents in your retirement? Have you prepared your estate documents? These are some helpful questions to ask yourself, but there are likely many others specific to you and your family.

Getting Started

There’s no better time to start than today. If you are still looking for some direction, a second opinion or are ready to meet with an advisor, reach out to the team of licensed advisors at VyStar Investment Services. They have the tools, resources and knowledge to help you chart your course and set yourself up for success.

For a limited time, VyStar Investment Services is offering a bonus of up to $700* just for opening an investment account with a VyStar Investment Services team member and making a qualifying deposit. Reach out to the team to schedule your no-cost consultation today!

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. VyStar Credit Union and VyStar Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using VyStar Investment Services and may also be employees of VyStar Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, VyStar Credit Union or VyStar Investment Services. Securities and insurance offered through LPL or its affiliates are: 

Not Insured by NCUA or Any Other Government Agency

Not Credit Union Deposits or Obligations

Not Credit Union Guaranteed

May Lose Value

The content provided in this blog consists of the opinions and ideas of the author alone and should be used for informational purposes only. VyStar Credit Union disclaims any liability for decisions you make based on the information provided.

*VyStar Credit Union will pay a cash bonus, in the form of a Direct Deposit to your VyStar savings account during the offer period, 2/16/23 - 5/31/23. The account must be funded within 60 days of the opening date and the deposit must be held in the account for at-least 90 days from the date of deposit to receive the bonus. Once the 90-day requirement is met, the bonus will be issued to the account holder within 14 business days. Limit one offer per member/ non-member. All deposits must be received within 90 days of the conclusion of the campaign to be eligible for this promotion, The minimum qualifying deposit to participate in the bonus offer is $25,000, which will award you a bonus of $100. For purposes of this offer, qualifying net new assets are calculated by adding total incoming assets or transfers (including cash, securities and/or margin debit balance transfers) and subtracting assets withdrawn or transferred out of the account within the preceding 52 weeks. To receive $100 bonus, account must be funded with $25,000- $49,999. To receive $200 bonus, account must be funded with $50,000- $99,999. To receive $300 bonus, account must be funded with $100,000-$149,999. To receive $400 bonus, account must be funded with $150,000- $249,999. To receive $500 bonus, account must be funded with $250,000 or more. To receive an additional $200 bonus, an advisory account must be opened and funded with $25,000 or more. This is not an offer or solicitation in any jurisdiction where VyStar Investment Services and VyStar Credit Union is not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. You have choices about what to do with your employer sponsored retirement plan accounts. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over an employer sponsored plan from your old job to your new employer, take a distribution, or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment, and different types of protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit vystarinvestmentservices.com or call an LPL Financial Advisor at VyStar Investment Services at 904-908-2495 or 1-800-445-6289 option 4, ext. 2495 for more information about your choices.