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Experienced Investment Advisor in Iowa
Are you looking for investment advice in Iowa? Luke Peterson Insurance & Financial Services is the only call you need to make for all your investment needs. Located in Altoona, IA, we are here to work alongside you and help plan for a better future! If you are looking to take your financial portfolio to the next level, contact us today!
Variable Annuities
A variable annuity allows you to choose to invest your purchase payments from various investment options. This often includes mutual funds. Your return rate will vary depending on how your investment performs. Variable annuities are regulated by the SEC.
Fixed annuities you will earn a minimum rate of interest and the payment amount is guaranteed. However, fixed annuities are not regulated by the SEC.
Please consider the investment objectives, risks, charges, and expenses carefully before investing in Variable Annuities. The prospectus, which contains this and other information about the variable annuity contract and the underlying investment options, can be obtained from the insurance company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.
The investment return and principal value of the variable annuity investment options are not guaranteed. Variable annuity sub-accounts fluctuate with changes in market conditions. The principal may be worth more or less than the original amount invested when the annuity is surrendered.
Fixed Annuities are long term insurance contacts and there is a surrender charge imposed generally during the first 5 to 7 years that you own the annuity contract. Withdrawals prior to age 59-1/2 may result in a 10% IRS tax penalty, in addition to any ordinary income tax. Any guarantees of the annuity are backed by the financial strength of the underlying insurance company.
Health Savings Account
A health savings account can alleviate some of the financial stress of a sudden medical emergency. HAS’s are tax-advantaged medical savings for taxpayers who are enrolled in a High Deductible Health Plan. They can only be used to pay for qualified medical expenses but are not subject to income tax.
Other Investment Areas
Our team has years of experience helping you with your investment needs. Some of our other areas of expertise include,
- 529 College Accounts
- IRAs
- Mutual Funds
- Bond Funds
- And More
A 529 plan is a college savings plan that allows individuals to save for college on a tax-advantaged basis. Every state offers at least one 529 plan. Before buying a 529 plan, you should inquire about the particular plan and its fees and expenses. You should also consider that certain states offer tax benefits and fee savings to in-state residents. Whether a state tax deduction and/or application fee savings are available depends on your state of residence. For tax advice, consult your tax professional. Non-qualifying distribution earnings prior to 2024 are taxable and subject to a 10% tax penalty. Beginning in 2024, unused 529 plan funds may be rolled into a Roth IRA assuming the following conditions are met: 1) must have owned the 529 plan for 15 years, 2) can only convert funds that have been in the 529 plan for at least 5 years, 3) rollover amount cannot exceed $35,000 and 4) rollovers must be made to a beneficiaries Roth IRA.
Mutual Funds are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing in Mutual Funds. The prospectus, which contains this and other information about the investment company, can be obtained directly from the Fund Company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.
Disclaimer
Securities offered through Brokers International Financial Services, LLC. Member SIPC. Brokers International Financial Services, LLC is not an affiliated company
This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or an exemption from registration is determined. Not all of the services referenced on this site are available in every state and through every advisor listed.
Check the background of this investment professional on FINRA's BrokerCheck.
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