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Dianne Williams Wildt, MBA
Certified Retirement Counselor®
Since 1983 in the financial services and investment industry
Retirement Pathways, Inc.
4500 Bowling Blvd., Suite 100
Louisville, KY 40207
Phone: 502-797-1258
Email: dianne@retirementpathways.com
Website: www.retirementpathways.com
May/June 2024
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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Investment advisory services offered through American Capital Management, Inc., a State Registered Investment Advisor. Retirement Pathways, Inc. is independent of American Capital Management, Inc.
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