The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Historical performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

This information is not intended to be substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

The economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risk including loss of principal.

No strategy assures success or protects against loss. All company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services.

Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.

Pence Wealth Management does not provide legal and/or tax advice or services. Please consult your legal and/or tax advisor regarding your specific situation.

Laila Pence is a registered representative with and offers securities and advisory services through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.

Dryden Pence is a registered representative with and offers securities and advisory services through LPL Financial, LLC (“LPL Financial”) member FINRA/SIPC and a registered investment adviser.

The financial professionals affiliated with PWM are registered representatives with and securities and investment advisory services offered through LPL Financial, member FINRA/SIPC and a registered investment adviser.

PWM and LPL Financial are separate entities.