Glass City Federal Financial Solutions

Making your financial goals possible.

Glass City Federal Credit Union Financial Solutions Logo

Glass City Federal Financial Solutions, a division of Glass City Federal Credit Union, provides comprehensive investment management and financial planning services tailored to individual needs.  Services include:

  • Investment Management
  • Retirement Planning & Income Strategies
  • 401(k) Rollovers (Traditional & Roth IRAs)
  • Tax, Trust & Estate Planning
  • Life & Long-term Care Insurance and Policy Review
  • Annuity Review & Options – Fixed, Variable & Index
  • College Savings Plans
  • Business 401(k) Plans
  • Financial Education Seminars

 We can work with you to create a personal financial plan to help you and your family achieve your overall goals. Contact us today at 419-887-1029 and experience our consultative and customized approach.

 

*Securities offered through Securities America Inc., FINRA/SIPC. Advisory Services offered through Securities America Advisors, Inc., Bernard (Beau) Barrow Jr., Representative. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and the Securities America Companies are separate companies. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value

Check the background of this investment professional on FINRA’s BrokerCheck.

Important Notices for Members with Individual Retirement Accounts (IRAs)

  • IRA balances as of December 31, 2018 are considered Fair Market Value, and will be the amount that Glass City will report to the Internal Revenue Service (IRS).
  • Withholding Notice for IRA Periodic Payments:
    We are required by law to send a Withholding Notice to any member receiving an IRA Pre/Post 70½ Distribution from the credit union. Whether or not you currently have Federal taxes withheld from your IRA Periodic Payment, no change will be made unless you contact the credit union.

    Payments from your IRA are subject to Federal income tax withholding, unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. To change your withholding election, contact the credit union at 419-887-1029 for the appropriate form, or visit your nearest branch.
    Withholding from IRA payments, when combined with other withholding, MAY relieve you from payment of estimated income taxes. However,  our withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.
  • IRA One-Rollover-Per-Year Rule:
    Per the IRS, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. The limit will apply by aggregating all of an individual’s IRAs, including Simplified Employee Pension (SEP) and SIMPLE IRAs as well as traditional and Roth IRAs, effectively treating them as one IRA for purposes of the limit.
    • Trustee-to-trustee transfers between IRAs are not limited
    • Rollovers from traditional to Roth IRAs (“conversions”) are not limited
    • Direct Transfers of IRA money are not limited: This change won’t affect your ability to transfer funds from one IRA trustee directly to another, because this type of transfer isn’t a rollover. The one-rollover-per-year rule of Internal Revenue Code Section 408(d)(3)(B) applies only to rollovers.
  • Donating IRA Contributions to Charity:
    Congress has made permanent the option of making direct contributions from an IRA to charity; therefore, if you are age 70 ½ or older, you can transfer up to $100,000 annually from your IRA to charity. Such transfers count as part of your required minimum distribution. Unlike other payouts from traditional IRAs, direct donations don’t count as taxable income, so they can’t reduce the value of your itemized deductions or personal exemptions, or trigger a Medicare premium surcharge. Of course, you won’t be able to also deduct direct IRA donations.

 

For further details, visit www.irs.gov.

Everyday Investment Topics: 

What is Financial Planning?

IRAs

How to Make Wise Investments? 

Financial Solutions Services

Why is it important to invest? 

IRA/401(k) Options

Paying for Education

Reading Investment Statements

Tax Returns

401k Rollovers

Saving For Retirement

Understanding Retirement

Retirement Savings Basics

Why choose Glass City Federal Financial Solutions? 

“Glass City Federal Financial Solutions is part of a not-for-profit credit union, which means that your interests, not our profit, comes first. We offer sound financial planning advice and prudent investment solutions with a fee structure you will rarely find anywhere else. Contact us today and you can find out how we can help you make great decisions and save money, too. We keep you moving forward.”

Beau Barrow, CFP®
Financial Advisor, Glass City Federal Financial Solutions
Photo of Beau Barrow, CFP, Financial Advisor

Beau Barrow, CFP®
Financial Advisor

Glass City Federal Financial Solutions

With over 20 years of experience in the financial services industry, Beau Barrow serves as the Financial Advisor of Glass City Federal Financial Solutions.

A Certified Financial Planner (CFP), Beau provides full-service investment and insurance solutions to Glass City members and their families, as well as area residents and businesses. He has helped hundreds of local families plan for retirement, with a specific focus on projecting income during retirement years. Beau has also advised families on their cash management and estate planning needs. He prides himself on providing superior service and helping to bring peace of mind to his client’s financial goals.

Beau spends his free time reading, running, playing tennis, and enjoying time with family. A community advocate, Beau has served on the Board of Trustees for the Boys and Girls Club of Toledo for over ten years.

To schedule a meeting or for more information:

Contact Beau Barrow, Financial Advisor or Carolyn Lopez, Client Services Specialist. They can be reached at 419-887-1029 or by email at:
Beau.barrow@securitiesamerica.com or Carolyn.lopez@securitiesamerica.com