Investments

Meet Our LPL Financial Advisor

Our LPL Financial Advisor holds a life insurance license and series 7, 63, and 66 registrations with LPL Financial. To assist you with planning your financial strategy, CCB Financial Services, Inc. has a relationship with LPL Financial, Member FINRA/SIPC. Through this relationship, you can access a range of investment options, including investment needs analysis, mutual funds, bonds, stocks, annuities, life insurance, and more.

Mark Chambers has been in the financial services industry for 12+ years. He graduated from Auburn University in 2009 and the Alabama Banking School at the University of South Alabama in 2015. Mark started at CCB Community Bank in 2010 and transitioned to CCB Financial Services as a Financial Advisor in 2024.

Retirement Accounts

Individual Retirement Accounts allow you to save for retirement with potential tax advantages.

Traditional IRAs

Individual retirement plans that have the potential to grow tax deferred

• Annual contributions may be tax deductible

• Annual contributions are limited

• Allow for tax deferral until withdrawals are made beginning at age 59½ or later (Withdrawals made earlier could result in a 10% tax penalty.)

ROTH IRAs

Individual retirement plans that can allow tax free earnings

• Contributions are made with after tax income

• No deduction on tax returns

• Annual contributions are limited

• Withdrawals are tax free if certain restrictions are met

• Potential income restrictions

Disclaimer

Withdrawals prior to age 59½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.

The information is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.

Business Retirement Plans

Business Retirement Plans can offer tax advantages to the employer and be helpful in maintaining employees.

• Traditional and ROTH IRAs – For individual business owners

• SEP – Employer Contribution Only

• SIMPLE – Employee and Employer Contribution

• 401K/Profit Sharing Plan – Employee and Employer contributions

Traditional IRAs & ROTH IRAs

Traditional IRAs are individual retirement plans that have the opportunity for tax deferred growth, and ROTH IRAs are individual retirement plans that can allow tax free earnings. (See Retirement Accounts above)

SEP IRAs

SEP IRAs are for Individual and Small Business Owners

• Have higher contribution limits than Traditional & ROTH IRAs

• Employers make all contributions

• Could be a benefit to maintain employees

• Could be a tax deduction for employer

SIMPLE IRAs

SIMPLE IRAs are retirement plans normally for businesses with less than 100 employees

• Could be a tax deduction for the employer

• Could be a benefit to maintain employees

• Employer and Employee make contributions

• Normally less expensive than a 401K plan

• Could reduce employees current taxes

401K 

A 401K is a retirement plan that can offer higher limits than the Simple Plan

• Could be a tax deduction for the employer

• Could be a benefit to maintain employees

• Employer and Employee make contributions

• Could reduce employees current taxes

• Loans could be available depending on the Plan

Mutual Funds

A mutual fund is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and similar assets.

LPL holds agreements with hundreds of mutual fund companies, which provide a variety of services and benefits that help make investing simple, accessible, and affordable.

Investing in mutual funds involves risk, including possible loss of principal.

Education Savings

Education Savings Plans may allow tax advantages for education expenses.

Coverdell Education Savings Plan

• $2,000 maximum contribution per year

• Income restrictions are in effect for these plans

• Beneficiaries may be changed

• Withdrawn earnings could be federally tax-free for qualified education expenses

529 Education Savings Plan

• Contribution limits are established per program

• Many limits are in excess of $300,000 per beneficiary

• No income restrictions

• Beneficiaries may be changed

• Withdrawn earnings could be federally tax-free for qualified higher education expenses

Disclaimer

Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for such investments in such state's qualified tuition program. Withdrawals user for qualified expenses are federally tax-free. Tax treatment at the state level may vary. Non-qualified withdrawals may result in federal income tax and a 10% federal tax penalty on earnings. Please consult with your tax advisor before investing.

Annuities

Annuities are tax deferred investments that could provide retirement income. Withdrawals prior to age 59½ have a 10% tax penalty.

• Fixed Annuities

• Indexed Annuities

• Variable Annuities

• Immediate Annuities

Fixed Annuities normally have a fixed rate of interest for a predetermined period.

Indexed Annuities have a fixed rate option as well as other investment options which may be tied to the performance of certain indexes. This option may allow for a higher return potential than the fixed annuity.

Variable Annuities offer more opportunity for growth by investing in sub accounts which could be made up of equities, bonds, and alternative investments. These accounts fluctuate with the market therefore, are more volatile than the fixed or indexed annuities listed and can lose value.

Immediate Annuities offer an immediate stream of income for a lifetime or a predetermined period.

Annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59½ are subject to a 10% IRS tax penalty and surrender charges may apply. Variable annuities contain both an investment and insurance component. They have fees and charges, including mortality and expense charges, administrative fees, and contract fees. They are sold only by prospectus. The investment returns and principal value of the available sub-account portfolios will fluctuate so that the value of an investor's unit, when redeemed, may be worth more or less than their original value.