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Retirement & Investment Planning Services

In addition to our insurance services, Carrie Polk Insurance offers a range of retirement and investment planning services. Your retirement may seem a long while off, but our team will work with you to manage your assets, set your financial goals, and help you put away enough to help you live comfortably after your retirement.


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Mutual Funds

A mutual fund is a professionally managed investment fund composed of a pool of funds collected from a group of investors. This pool is used to invest in bonds, instruments, money market, stocks, and similar assets. Money managers operate mutual funds and invest the fund's capital and attempt to create capital gains and incomes for the fund's investors. The fund's portfolio is maintained and structured to match the objectives stated in its disclosure document.

An advantage of investing in a mutual fund is it gives its investors access to a diversified and professionally managed portfolio of bonds, equities, and other securities which would not be as easily accessible with a smaller amount of capital. Each shareholder in the mutual fund participates in the loss or gain of the fund. Our team of advisers will work with you to create a plan that is balanced and matches your investment style.

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.


College Saving Plans (529 Plans)

A 529 plan is a type of education savings plan designed to help families and individuals set aside funds for future college costs. These types of plans are sponsored by states or state agencies and are named after Section 529 of the Internal Revenue Code, which created these savings plans in 1996. These funds may be used for books, tuition, or other education-related expenses at the majority of accredited two- and four-year colleges and universities, U.S. vocational-technical schools, and eligible foreign institutions.

You must be 18 years or older (or the age of majority in some states) to invest in these state plans. There are no income restrictions for contributing to a 529 plan, but contributors must take care to not over-fund the 529 plan, as the amount in the account cannot exceed the amount that covers the beneficiary's qualified higher education.

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.



An annuity is a contract between you and an insurance company in which you make a lump sum payment or a series of payments and, in return, obtain regular disbursements beginning either immediately or at some point in the future.  The goal of an annuity is to provide a steady stream of income during retirement.

Annuities com in three main varieties- fixed, variable and index- each have their own level of risk and payout potential

Variable annuities are long-term investments designed for retirement purposes.  They are subject to fees and charges including mortality and expense risk fees, administrative fees, and the expenses of the underlying annuity subaccounts.  Optional features are subject to additional fees, investment restrictions, and other limitations.  Guarantees are backed by the claims-paying ability of the issuing insurance company.  Carefully read the prospectus before investing.



A 401(k) is a retirement plan offered through your employer. Upon enrolling you decide what percentage of your paycheck will be put into the account. Contributions are deducted from your paycheck and go directly into your 401(k) before taxes are withheld. The contributions are then placed into investments that you select based on your retirement goals and risk tolerance. When you retire, you can support your living expenses by the money you have in your account.



An IRA or Individual Retirement Account is designed to help you save for retirement and works like a savings account, with specific tax benefits. IRAs allow your money to grow without taxes limiting its growth potential. There are certain limitations and eligibility restrictions based on your employment or income status.

  • SEP IRA: A Simplified Employee Pension or SEP IRA is for self-employed individuals or small business owners. If you own a business with one or more employees, or earn freelance income, you can open a SEP IRA. Contributions are are tax-deductible for the individual or business and are deposited in a Traditional IRA held in the employee's name. The employer to the account, while the employees of the business cannot contribute. Funds in a SEP IRA are not taxable until withdrawn, like a Traditional IRA.
  • SIMPLE IRA: A Savings Incentive Match Plan for Employees or SIMPLE IRA is another type of Traditional IRA for self-employed individuals and small businesses. You contributions are tax-deductible as with most traditional IRAs. The investments are also tax deferred until you make withdrawals in retirement.Unlike a SEP IRA, employees can make contributions into a SIMPLE IRA. What sets a SIMPLE IRA apart is that the employer is required to make a contribution on their employee's behalf—either as a flat 2% of pay or a dollar-for-dollar match of up to 3% of their salary—regardless of the employee's contribution.This type of IRA have higher contribution limits than Roth or Traditional IRAs. In addition, it is easier to set up and run a SIMPLE IRA compared to other workplace retirement plans.


Long Term Care Planning

Long term care extends beyond insurance policies; it is more a strategy to ensure you are taken care of and can live comfortably in your later years. Long-term care often serves as an umbrella term for a range of support and services you need to handle the tasks of daily life. Long term care planning includes a range of decisions such as determining your living arrangements and if you would like to invest in long term care insurance.


Retirement & Investment Services You Can Trust

Carrie Polk Insurance provides a range of retirement and investment planning services in Prince Frederick, MD. We are proud to be the team clients trust to help them find the solutions they need to protect their lifestyles and secure a financial future. As part of the Nationwide Financial family, we are always "On Your Side®"!

For more information about our investment planning services or insurance services, please contact us at 410-535-0997 today.


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