Money Concepts offers a variety of smart financial choices for investing your hard earned money.  Contact Registered Representatives Tim Lorraine or Julie Perkins Settles for more information!

Stocks and Bonds

Most people hear about these and think they'd like to get in on the easy money to be made. Wrong! There is nothing easy about it. Individual stocks and bonds are not for the faint of heart or rookies. Much too risky for most people to get involved with. They are usually better off with mutual and bond funds within a 401(k), SIMPLE plan, IRA or Roth IRA. There is much less chance of losing all your money, not to mention there can be unexpected tax consequences involved.

Mutual Funds

Mutual Funds are stocks, bonds, and money market accounts that someone else buys and administers for you. They are the experts and that is why you pay a fee to be in them. You buy shares of the fund, not the individual holdings in it. Some funds are labeled growth, balanced, and income, but there are many other types. Municipal Bond Funds -- these funds buy municipal bonds and you buy shares of the fund that holds them. Generally, they are tax free for Federal tax. If it is state specific and you live there, you don't pay state tax either. This is a good choice for those who are having tax problems due to their high income levels.

Annuities

Essentially means that you are buying an income for later. They come in two varieties, pre-tax and after tax (also called qualified and non-qualified). Annuities, in most cases, are sold by insurance companies. Some annuities are fixed and some are variable. The fixed kind offer a set rate. Others are variable, which means they are tied to some other index or mutual fund sub-account.

Securities offered through Money Concepts Member FINRA * SiPC * Not a Deposit * Not FDIC-Insured *Not Insured By Any Federal Government Agency * Not Guaranteed by the Bank * May Go Down in Value