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The Service Financial Group Program is offered through LPL Financial, a broker/dealer focused on serving credit union members. For more information about LPL Financial, please visit

You can build your nest egg the way that works for you

It’s one thing to save for a car, or a down payment on your home, but saving for retirement, or your child’s college costs, is a much longer commitment. It takes a slow and steady approach, and we have plans to help you sock money away for those long-term goals that won’t stress you out along the way. Veteran savers know that time makes a difference; we offer investment plans that put time on your side.

The Service Financial Group Program can help you plan for life’s events—expected and unexpected. Experienced Service Financial Group professionals located at most stateside Service Credit Union branches will listen to your needs and help you make the right financial decisions for you and your family. For more information and to talk to someone you can count on, please contact a Service Financial Group representative for a no-cost, no-obligation consultation.

They have the experience and know-how to help you with:

  • Retirement Income Planning
  • Traditional or Roth individual retirement accounts (IRAs)
  • Spousal IRAs
  • Assistance with retirement plan transition
  • Trust accounts
  • Uniform Transfer to Minor accounts
  • 529 college savings program accounts
  • Fixed, fixed indexed, variable and immediate annuities
  • Whole and term life insurance
  • Long-term care insurance
  • Wealth transfer and gifting
  • Small business retirement plans
Rich Wallner
Rich Wallner, CFP®, CLU®
LPL Financial Advisor

Check the background of this investment professional on FINRA BrokerCheck
Financial Advisor, Mckeea
Mckeea Fields SIE, Series 7, Series 66
LPL Financial Advisor

Retirement Income Planning

Are you wondering how to create sustainable income from your retirement assets? Service Financial Group representatives can help to organize and manage your retirement income plan, to assist in making the right plan for you.

Not sure where to start when it comes to your retirement? Schedule a complimentary Ask Me Anything session.


Individual Retirement Accounts** come in two flavors: Traditional and Roth. Traditional IRA contributions are often tax-deductible, and are exposed to tax-free growth potential over the years, until you withdraw them. Roth IRA contributions are made with after-tax dollars, but they also are exposed to potential tax-free growth—and you pay no taxes when you withdraw in retirement. IRAs can also be set up by a working spouse for a non-working spouse which can double a couple’s retirement savings.

Inherited IRAs

Direct transfers are allowed into an inherited IRA by non-spouse or spouse beneficiaries who inherit a deceased employee’s IRA, or qualified employer retirement plan, 403(b) plan or 457 governmental deferred compensation plan.

Retirement Plans for Self-employed

If you’re self-employed or work for a small business, you may also be eligible to contribute to a SEP-IRA, SIMPLE IRA or 401k plan. Based on business or employment income, it may be possible to increase annual contribution amounts from the Traditional and Roth IRA limits.

Consult a Service Financial Group advisor as well as your tax advisor for details.

Uniform Transfer

A simple type of custodial account named for the Uniform Transfer to Minors Act and the Uniform Gifts to Minors Act, UTMA/UGMAs allow parents, grandparents or anyone else to contribute. The money in the account is held in trust until the child turns 21 (in most states). Many families use these accounts as an alternative for saving for a child’s education.

529 College Savings

Saving for your child’s college education seems like a daunting task, but a great way to get started could be to open a 529 college savings account***. Any growth in the account compounds tax-free. And withdrawals for qualified education expenses—tuition, room and board, and many other expenses—are tax-free.

Fixed, Fixed Indexed, and Variable Annuities

A tax-deferred annuity is a contract between an insurance company and a contract owner. In a typical situation the contract owner contributes funds to the annuity.  The money put into the contract is then allowed to grow for a period of time. At a future date, the contract may be liquidated or annuitized.  If annuitized, funds are paid out, generally through periodic payments made over either a specified period of time or the life of an individual or the joint lives of a couple.

  • Fixed Annuities can provide the following benefits:
    • Guaranteed interest rates for the term of the contract
    • Principal protection
    • Tax-deferred compounded earnings
    • Payouts to an heir generally without probate
    • Protection from creditors in some states
  • Fixed Indexed Annuities are similar to a Fixed Annuity but have the potential to credit you with higher earnings, than from guaranteed interest rate vehicles, through the performance of one or more underlying indices:
    • Guaranteed interest rates for the term of the contract, if the contract owner selects the “fixed account” option
    • Principal protection
    • Tax-deferred compounded earnings
    • Payouts to an heir generally without probate
    • Protection from creditors in some states
  • Variable Annuities offer some similarities to fixed annuities but do have key differences:
    • No guarantee as to investment returns or annuity benefits, unless the contract owner selects the “fixed account” option
    • Contract owner usually has the option to invest contributed funds in a wide variety of investment options called subaccounts
    • Principal amounts are not guaranteed, contract values could decrease with subaccount performance
    • Tax-deferral compounded earnings
    • Payouts to an heir generally without probate
    • Protection from creditors in some states
    • Various riders are also usually available, for an additional fee that can provide various guarantees such as lifetime income guarantees or enhanced death benefits
    • Variable annuities are offered by prospectus only. The prospectus contains information including charges and expenses. Before investing, please contact an advisor to obtain a prospectus. Read it carefully before investing.

Immediate Annuities

Immediate annuities are long-term contracts issued by a life insurance company. Typically purchased with a single, lump-sum payment, an immediate annuity can provide an income stream for a set period of time or for the rest of your life.

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.

Service Credit Union provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay Service Credit Union for these referrals.  This creates an incentive for Service Credit Union to make these referrals, resulting in a conflict of interest.  Service Credit Union is not a current client of LPL for advisory services.  Please visit for more detailed information.

*Securities offered through LPL Financial (LPL), a registered broker-dealer, member FINRA/SIPC. Investment Advisor Representatives conducting business as Service Financial Group offer investment advisory services through LPL, a registered investment advisor. Insurance products are offered through LPL or its licensed affiliates. Service Credit Union and Service Financial Group are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Service Financial Group, and may also be employees of Service Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Service Credit Union or Service Financial Group.

Securities and insurance offered through LPL or its affiliates are:

Not Insured by NCU or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value

The LPL Financial registered representative(s) 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.

**Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.

A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.

***Prior to investing in a 529 Plan investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

Fixed and Variable annuities are suitable for long-term investing, such as retirement investing.  Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.  Variable annuities are subject to market risk and may lose value.

Fixed Indexed Annuities (FIA) are not suitable for all investors. FIAs permit investors to participate in only a stated percentage of an increase in an index (participation rate) and may impose a maximum annual account value percentage increase. FIAs typically do not allow for participation in dividends accumulated on the securities represented by the index.

LPL Financial Form CRS