Rogelio Gonzalez, CRPC®, CSRIC™

Financial Planner

Prudential Advisors

 

Pacific Northwest Financial Group

1700 SE Mile Hill Drive, Suite 264

Port Orchard, WA 98366

 

Phone: 360-919-4271

 

Email: rogelio.gonzalez@prudential.com

Website: www.prudential.com/advisor/rogelio-gonzalez

 

 

May/June 2024

More Income on Fixed-Income Investments

More Income on Fixed-Income Investments

Be aware of the increased income you may be earning on bonds and other fixed-income investments this year. After all, higher returns mean higher income and potentially higher taxes.


Example: If you’re in a 30% marginal tax bracket, and you’ve earned an additional $3,000 of interest income so far this year, that’s an extra $900 of income tax you might not have planned on—and just for the first half of 2024.


Depending on the type of fixed-income investments in your portfolio, your potentially higher returns on them in 2024 could be enough to bump you up a tax bracket. Also, a bracket bump plus higher returns potentially exposes you to estimated tax penalties and possibly alternative minimum tax.* As with any tax planning, be sure to consult a tax professional.


*This is a hypothetical example and is not representative of any investment strategies. Actual results may vary.

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Rogelio Gonzalez is a Financial Planner with and offers securities and investment advisory services offered through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
"Prudential Advisors" is a brand name for the propriety retail sales channgel of The Prudential Insurance Company of America ("PICA") and its insurance company and other affiliates (collectively "Prudential"). Prudential Advisors financial professionals are licensed insurance agents of Prudential.
Pursuant to a strategic relationship among Prudential, LPLE, and LPL Financial, Prudential Advisors financial professionals provide securities brokerage services and/or investment advice on securities solely as registered persons of LPLE, an affiliate of LPL Financial. These financial professionals are permitted to brand under "Prudential Advisors".
LPLE and LPL Financial are not affiliated with Prudential or Pacific Northwest Financial Group.
Prudential, Prudential Advisors, and the Pacific Northwest Financial Group are not registered as a broker-dealer or investment advisor.
Pacific Northwest Financial Group and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.

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