Do you have questions or concerns about an early "buy-out" retirement offer, retirement planning, or your IRA/401K? Would you like to talk to an advisor on how to invest your money, or what investment options are available? Summit Brokerage is here to assist you and we offer no-cost, no obligation, consultations. Our advisors will work with you to create a plan for retirement, provide advice in an early retirement "buy-out" offer, and assist you with your IRA/401K from past employers.

We are a full-service brokerage firm with advisors that can help you invest your money, plan for retirement, assist in Estate planning, set-up 529 college savings plans, life insurance, long-term care insurance, and Medicare Supplement/Prescription Drug insurance. Please look at our products and services page for more information on what we offer. 

June: Bonds

What is a Bond? 

A bond is a type of loan where an investor temporarily lends money to a bond issuer, in exchange the investor receives interest income at a predetermined rate and at predetermined times. Bonds have an expiration date (referred to as the maturity date) and bonds must be returned. The exception to this being U.S. Government Savings Bonds, these bonds cease to exist at maturity.

Example: Company XX sells 10,000 bonds at $1,000 each. Each $1,000 bond, at 2.5%, will earn $25 per year in interest which will be paid bi-annually ($12.50 every six months) with a term of 10 years. At the end of the 10 years, the original $1,000 will be returned on the maturity date.

There are many different types of bonds available through a financial advisor; Sovereign Government Bonds, Municipal Bonds, Corporate Bonds, Fixed Income Bonds and High Yield Debt Bonds.

Investors should consider the investment objectives, risks and charges and expenses of the funds carefully before investing. The prospectus contains this and other information about the funds. Contact Phillip Burton at 304-363-0073 to obtain a prospectus, which should be read carefully before investing or sending money.

Check out the background of this investment professional on FINRA's BrokerCheck.

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