Rodney L. Jones, Owner of RL Jones Financial Group and RL Jones Insurance Group, recently posted a blog to his website to educate visitors on the best options for reducing tax liability.
Westfield, IN – July 2, 2019 – Rodney Jones, Financial Advisor, host of the RL Jones Show and Best-Selling Author® of Beat the Curve with Brian Tracy posted a new article on his website entitled, “Trains, Tickets, and Taxes: All Aboard!” in which Mr. Jones uses the analogy of buying a train ticket to illuminate the different tax strategies that can be employed in conjunction with investment accounts.
Rodney begins, “Imagine that there are four people in line to purchase tickets at the train station. One after the other, they each purchase one ticket of the same class, on the same train, bound for the same destination. As they board, they take their seats next to each other and after exchanging pleasantries they begin to compare the price of their tickets. They are shocked to discover that they had all paid a different price for what was essentially the same ticket, and none could have realized their own situation without having compared it to the others. Their tickets, all identical, each carried a different total cost to reach the same destination.”
Jones continues, “Most people are aware that their investment dollars will grow over time through the power of compound interest. They will either appreciate or depreciate and over time, most likely experiencing both.
As Rodney notes, “While attention to gains takes center stage, the increasing tax liability on those gains often goes unnoticed. The way you choose to handle this tax liability can have a significant impact on the price of your ticket to be on the investment train. Your tax liability will determine one of the costs you will pay for your ticket.”
Jones wraps up by providing three options for reducing tax liability and concludes, “We are all going to have to ride this train, but that doesn’t mean we should pay more than we have to for the ticket. The issue is to determine which option best suits how you would like to solve the problem of compounding interest in taxable accounts.”
Read the Entire Post at: http://www.rljonesfinancial.com/trains-tickets-and-taxes-all-aboard/
About Rodney Jones:
Rodney Jones helps his clients to see and achieve their financial goals. He was brought up in a blue collar manufacturing culture where the norm was to graduate from high school and work at the foundry like past generations, but Rodney had greater ambitions. Rodney attended Southern Illinois University and Butler University. In 1990, Rodney earned his designation of Life Underwriter’s Training Council and began educating clients and professionals on insurance and finances.
Rodney owns two business entities, RL Jones Insurance Group and RL Jones Financial Group. Both of his successful businesses are centered on the philosophy: “If you have the desire to protect and grow your assets, then I have the desire to show you how.”
Rodney has helped several hundred clients to protect their assets and reach their financial goals. Rodney’s clientele spans from small business owners to laborers and their families.
Rodney is a highly sought-after speaker and trainer. He was selected as one of America’s Premier Experts® and has been on several media outlets including highlighted appearances on ABC, NBC, CBS, and FOX affiliates.
Rodney is a member of the The National Academy of Best-Selling Authors having co-authored the best-selling Beat the Curve with business legend Brian Tracy.
He has also been selected to participate on several Advisory Boards of Fortune 500 companies. Rodney balances his time between his clients and educating professionals in his field.
You can connect with Rodney via email, firstname.lastname@example.org or via phone, 317- 626-4902 or 1-800-388-8342 Ext.302.