<prompt> Human: Noobconfused question: Friend mentioned that the 5500 that I deposit annually into IRA will never dip below 5500 no matter what. So if the particular selected fund were to perform poorly and drop, I would still have 5500 no matter what and vice versa Id have greater than 5500 from gains. Hes saying youre guaranteed at least 5500 no matter what whereas my understanding is its just based on how the selected fund performs, right? So if it goes 10, Ill gain 550 for a total of 6050 and if -10, then 4950, etc. Same goes for 401k, right? Is he wrongmisinformed about this?  <response>: Youre not guaranteed anything. Your friend is wrong. 