NFIS
What is an Investment Advisor?
An organization employed by a mutual fund to give professional advice on the fund's investments and asset management practices.
What does NFIS stand for?
Navy Federal Investment Servis
A wholly-owned subsidiary of Navy Federal that offers financial management to members of the credit union.
What is automated investing?
Investing is simple with help from our digital advisor. You tell us about your goal and investing preferences, and our digital advisor builds a portfolio tailored to you. You can always update your portfolio and make adjustments on your own.
How do you submit a NFIS referral in USD?
1.click on initials
2. click on NFIS referral
3. input information for phone number and what they would like to invest in.
4.send an email with same info to Stephan. cc leadership and Stephans people.
Personal Finance Management
What are dividends?
A dividend is a portion of a company's profit paid to common and preferred shareholders. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.
Who is the Chief Operating Officer for NFIS?
Diane Young
Term Life, Whole Life, Accidental Death & Dismemberment Coverage
What's Self-Directed Investing?
Take control of your investments with self-directed investing. No matter your experience level, you’ll find tutorials to help you get started and tools to use before you buy. You choose how much you’d like to invest and which stocks and ETFs seem right for you.
What is the purpose of PFM?
Personal Finance Management (PFM) is a department within the Collections Division that seeks to educate and assist members in meeting their financial management needs.
Members who receive our assistance and improve their overall financial situation will be more credit worthy and will enhance their chances of borrowing in the future.
What are bonds?
A bond is like a loan. When you buy a bond, you are usually agreeing to lend money to a government or a company. Typically, the bond issuer promises to repay the entire principal loan amount on a future day, known as the maturity date, and pay interest income in the meantime based upon a coupon rate. There are many types of bonds, including those issued by governments, such as treasury bonds and tax-free municipal bonds. These bonds are often used to fund government operations and capital projects. There are corporate bonds, which help companies fund their operations and invest in themselves. There are also savings bonds, such as the Series EE savings bond and the Series I savings bond. There are investment-grade bonds, the highest being AAA-rated bonds, and on the opposite end of the spectrum, junk bonds. If you do not want to buy bonds individually, you can invest in bond funds.
What does Maturity mean?
The date specified in a note or bond on which the debt is due and payable.
What does Rollover mean?
When an employee leaves their employer, they can opt to roll over their 401(k) balance and have it deposited into a Rollover IRA, which otherwise behaves like a Traditional IRA.
What does Long-Term Investment Strategy mean?
A strategy that looks past the day-to-day fluctuations of the stock and bond markets and responds to fundamental changes in the financial markets or the economy.
What are the 3 types of counseling PFM provide?
Productive Counseling: Provided to members who are financially stable, but want to find ways to better utilize resources.
Preventative Counseling: Provided to members who need help to avoid a financial difficulty.
Remedial Counseling: Provided to members who are in financial crisis and unable to meet their contractual obligation to creditors.
What is a 401K?
The 401(k) is a special type of retirement plan offered by employers to their employees. It usually allows investors to put their money to work in mutual funds. Like a Traditional IRA, investors usually receive a tax deduction at the time the account is funded. There are also annual limits that are much higher than those for a Traditional IRA or Roth IRA. Employers often match contributions. There are no taxes owed until you can begin withdrawing the money at 59.5 years old, with required distributions beginning at 70.5 years old. The term 401(k) refers to the section of the tax code that created it. A self-directed 401(k) allows the investor to buy individual stocks and bonds in the account.
What is a 403B?
The 403(b) is a retirement plan that is similar to the 401(k) but is only offered in the non-profit sector.
What are Hedge Funds?
A hedge fund is a type of investment partnership. Often, it is formally listed as a limited partnership or limited liability company, and the partners pool money from investors and engage in a wide range of investing activity. Commonly, hedge funds engage in investment activity that is riskier than typical investments. Hedge funds will often use leverage (i.e., borrowed money) to amplify their returns. There are a variety of different hedge fund structures. Due to government regulations meant to protect the inexperienced investor, investingin hedge funds can be difficult for most ordinary investors.
What is a IRA?
Individual Retirement Arrangement or Account is a tax-deferred account to which an eligible individual can make annual contributions. IRAs are tax advantaged accounts designed to provide tax perks to those who save for their retirements by investing in the stock market. There are multiple types of IRAs that each come with their own benefits and rules. (See Roth, Traditional or SEP IRA)
How are you able to contact PFM?
What is a Traditional IRA ?
A traditional individual retirement account (IRA) allows individuals to direct pre-tax income toward investments that can grow tax-deferred. Contribution limits exist and required minimum distributions (RMDs). Income thresholds may also apply. Contributions to a traditional IRA may be tax-deductible depending on the taxpayer's income, tax-filing status, and other factors. Upon retirement, withdrawals are taxed at the IRA owner's current income tax rate. Capital gains or taxes on dividends are not assessed.
What is a Stock?
A long-term, growth-oriented investment representing ownership in a company; also known as 'equity.' Publicly traded companies are divided into shares. When an investor purchases a share, they're basically purchasing a piece of the company represented by that share. These shares, as a whole, are considered stock.
What does Short-term investments mean?
Asset purchased with an investment life of less than a year.
What is a Roth IRA?
Roth IRAs work like Traditional IRAs with one distinct difference: Roth IRAs are funded with after-tax income and contributions into a Roth IRA are not tax deductible. However, paying the taxes early rather than when you cash in on your funds has its advantages. The funds withdrawn from a Roth IRA are tax-free and there will be no additional tax burden for the growth in the investments made through a Roth IRA. (See IRA)
Online what 3 Financial Guidance are promoted?
1.Goal Setting
2.Budgeting
3.Financial Recovery