Other Ways to Supplement Your Retirement Income

Income Deferral Programs

Some employers allow certain employees, typically executives, to defer receipt of a portion of their annual income. An election is made, prior to earning the income, to have the receipt of the income deferred. This deferral reduces current income taxes and also could enable the individual to enjoy tax-deferred investment growth on the amount deferred.

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