Most people think that they are properly planning for a carefree retirement by contributing to 401(K)s or IRAs and the like. Those are fine and getting a current tax deduction seems to be a good idea -- especially iof you get a "matching" contribution from your employer.
But watch out and remember that you don't fully own ANY Qualified account. You have a major partner and his name is UNCLE SAM! And he (and perhaps your state & local gov) is going to want his share (say 25-45%) in taxes.
I don't know anyone who really believes taxes are not going higher. And don't buy the old refrain that your taxes will be lower in retirement -- you'll probably have lost most of your tax deductions.
There's a better way to have more SPENDABLE (net after taxes) money in retirement by FIRING your IRA partner! You can pay income taxes on the "seed" instead of the "harvest" - which is exactly the opposite of what people do who rely on IRAs etc. (except the ROTH).
Read my latest book "Get Me to ZERO" - available on Amazon.com in paperback and KINDLE to learn more.
The contact me to learn exactly how -- with more safety, access & liquidity.
Just a quick note to give you the keys to a tax-free retirement
and enjoy the same tax-free income perks the wealthy do.
"Stress-Free Retirement Planning" by Mark J. Orr
Most people have no idea how they can upgrade their retirement
lifestyle -- enjoying their more of their money RATHER than
sending it to the I.R.S.
Quickly becoming a best-seller, this book will teach you all you
need to know to LEGALLY avoid paying income taxes during retirement
on much of your income.
Although this strategy has been around for 30+ years, it's books
like this one, that is finally spreading the word to the general public...
... instead of just the rich who have smart financial advisors!
Simply go to: http://goo.gl/Er69ic
Again, this info is so important for your financial future, that I want to make sure
you get it as soon as possible.
And the book is only the tip of the information that can transform your financial life
BOTH now and in retirement that I can help you with. My strategies will turbo-charge
what you will read -- especially for BUSINESS OWNERS and Real Estate Investors!
Mark J. Orr, CFP RICP
Certified Financial Planner and Investment Advisor Representative
12600 Deerfiled PKY
Suite #100
Alpharetta, GA 30004
770-777-8309
mark@SmartFinancialPlanning.com
http://www.SmartFinancialPlanning.com