Why is my age important when it comes to my Market Trust program?

Modified on Thu, 2 Nov, 2023 at 9:35 AM

Market Trust combines an market investment portfolio with a guaranteed interest rate product that generates guaranteed interest. Allocations to a guaranteed interest rate product are treated similarly to deposits made into an investment retirement account (IRA) in that withdrawals made prior to retirement age, which is 59.5 years, are taxed with a 10% penalty.

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