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Controlling Your Tax Bill – It’s Easier Than You Think – Season 1: Episode 4

Did you know that the location of your assets – 401(k), IRA, personal account, Roth – is a big determinant of your ultimate tax bill?  By simply locating your assets in the proper account(s), you may be able to drastically reduce your tax bill.

Find out how with Rick “The Professor” Plum, CFP®, and Johnny Dean, along with Ray Lucia Jr. and Joe Lucia, on this week’s episode of Managing Your Financial Future.

Important Information:

The information provided should not be considered specific tax, legal, or investment advice. It is not intended or written and cannot be used for the purpose of avoiding penalties imposed by law. You should seek independent advice from a tax professional. This material was gathered from sources believed to be reliable. Its accuracy cannot be guaranteed.

Roth IRA distributions of principal from a Roth IRA are tax-free. Any earnings will be taxed at ordinary income rates and a 10% penalty tax will apply if withdrawn prior to age 59½ or within five years of the date the Roth IRA was established, whichever is longer.

IRA withdrawals will be taxed at ordinary income rates. Withdrawals prior to age 59½ may also be subject to a 10% penalty tax.

The investment professionals are registered representatives with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. Lucia Securities, LLC was acquired by LPL Financial August 2020. The investment professionals of Lucia Securities, LLC are now affiliated with LPL Financial and are conducting business using the name Lucia Capital.

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