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Do You Know About This Triple Tax-Free Savings Option?

People seek the help of a financial advisor for many reasons, not the least of which is to get some guidance on tax management. After all, taxes can be one of the biggest drags on your portfolio’s investment returns.

One way to manage your taxes can be through the use of certain retirement accounts: a traditional IRA, a Roth IRA, a 401(k), and so forth. Some offer an immediate tax deduction, others allow tax-free withdrawals, and most allow some form of tax deferral along the way. But there’s only one option available that gives you a “Triple Tax-Free” benefit: tax deduction going in, tax deferral over time, and tax-free withdrawals on the back end.

Of course, you have to follow the rules, and not everyone will meet the qualifications. But if done properly, it’s one of the best tax-preferenced savings vehicles available to you today. So what exactly are we talking about? Get all the details from “Professor” Rick Plum, CFP® on this week’s edition of Lucia Capital Group Weekly!

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from LCG or from any other investment professional.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy securities. Investment products described herein may not be offered for sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or prohibited by the specific offering documentation.

Long Term Care coverage policies and provisions may not be available in all states. Approval may be subject to the terms and conditions of the insurance company. Insurance product guarantees are subject to the claims-paying ability of the issuing insurance company and are subject to their terms and conditions.

Insurance product guarantees are subject to the claims-paying ability of the issuing insurance company and are subject to their terms and conditions. Insurance products offered through Lucia Insurance Services, LLC (CA Insurance Lic. #0H40817). Lucia Insurance Services is licensed to offer such insurance products as life, disability, long-term care, and annuities.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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