Important information:

Earnings distributions from a Roth IRA may be subject to taxes and a 10% penalty if the account is less than five years old and the owner is under age 59 ½.

Traditional IRA withdrawals prior to age 59 ½ are subject to ordinary income tax and a 10% IRA penalty.

Investors should understand the risks involved of owning investments, including interest rate risk, credit risk and market risk. The value of investments fluctuates and investors can lose some or all of their principal.