Retirement Plans – What is a withdrawal strategy – Nationwide (2024)

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Now, let's delve into the concepts mentioned in the provided article:

1. Not a Deposit:

   • This phrase emphasizes that the financial product in question is not a deposit held by a bank. Unlike traditional deposits, these products may not enjoy the protection and guarantees typically associated with bank deposits.

2. Not FDIC or NCUSIF Insured:

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   • The statement indicates that the financial product is not insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Share Insurance Fund (NCUSIF). These are regulatory bodies that insure deposits in banks and credit unions, respectively.

3. Not Guaranteed by the Institution:

   • This suggests that there is no guarantee from the issuing institution regarding the performance or returns of the financial product. Investors should be aware that their investment is not protected from potential losses by any institutional guarantees.

4. Not Insured by Any Federal Government Agency:

   • Similar to the second point, this reiterates that the financial product is not backed by any federal government agency. Unlike certain government-backed securities, these products do not carry the guarantee of repayment by a government entity.

5. May Lose Value:

   • This phrase underscores the inherent risk associated with the financial product. Unlike guaranteed investments, the value of these products is subject to market fluctuations, and investors may experience a decrease in the value of their investment.

6. Not a Recommendation to Buy or Sell:

   • The disclaimer makes it clear that the provided material is not intended as financial advice. Investors should not interpret it as a recommendation to buy or sell a financial product or adopt a specific investment strategy.

7. Life and Annuity Products Issuer:

   • The article mentions that life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, both based in Columbus, Ohio.

8. Nationwide Investment Services Corporation (NISC):

   • NISC is identified as the general distributor for variable products. It is a member of FINRA (Financial Industry Regulatory Authority) and is also based in Columbus, Ohio.

9. Nationwide Retirement Institute:

   • This is mentioned as a division of NISC, focusing on retirement-related services and education.

10. Nationwide Funds:

    • The article notes that Nationwide Funds are distributed by Nationwide Fund Distributors, LLC, which is a member of FINRA and based in Columbus, Ohio.

11. Nationwide Group Retirement Series:

    • This series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. It also encompasses trust programs and trust services offered by Nationwide Trust Company, FSB.

12. Service Marks and Copyright Information:

    • The article concludes with service marks of Nationwide Mutual Insurance Company and emphasizes the copyright ownership of Nationwide Mutual Insurance Company and affiliated companies.

In summary, the provided information outlines the nature and characteristics of the financial products offered by Nationwide, while also emphasizing the risks and lack of guarantees associated with these products. Investors are strongly advised to consult with their financial professionals to assess their specific situations and make informed decisions.