Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal.
Withdrawals prior to age 59½ may result in a 10% IRS penalty tax in addition to current income tax.
Source: American Funds, Investor Resources: A Guide to Market Fluctuations, 2018. The Dow Jones Industrial Average is comprised of 30 stocks that are major factors in their industries and widely held by individuals and institutional investors. The opinions voiced n this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested directly.
American Funds, Workman & Associates, and LPL Financial are all separate and unaffiliated entities.
Variable annuities are long term, tax-deferred investment vehicles designed for retirement purposes and contain both an investment and insurance component. They have fees and charges, including mortality and expense risk charges, administrative fees, and contract fees. Withdrawals made prior to age 59 ½ are subject to 10% IRS penalty tax and surrender charges may apply.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
Certificates of Deposit (CDs) are FDIC insured and offer a fixed rate of return if held to maturity.
The projections or other information generated by Riskalyze regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results of this tool may vary with each use and over time.
No strategy assures success or protects against loss. Investing is subject to risk which may involve loss of principal. Riskalyze is not affiliated with LPL Financial.