Missed Fortune – Why Defer Taxes If Taxes Are Going Up?
Posted on | June 7, 2009
Podcast: Download (22.9MB)
Why defer taxes if taxes are going up?
I’m really concerned about the rate that the national debt is increasing. Two things are highly predictable: 1) Your money will never be worth more than it is today 2) Your current tax bracket is likely the lowest bracket you will ever be in.
If we know taxes are going up in the future, do you want to have a financial strategy that defers taxes? Qualified plans such as 401k(s) and IRAs defer taxes. Is that the right strategy for you?
An engineer who was in my office this week really gets it. He understands that a maximum funded insurance contract is a far better alternative. He is protected and doesn’t lose money when the market goes down but gets competitive rates of return when the market is going up.
*Life insurance policies are not investments and, accordingly, should not be purchased as an investment
Tags: 401(k) > 401(k)s > Doug Andrew > IRA > IRAs > Missed Fortune > Missed Fortune Radio > Qualified Plans > Taxes
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3rd Party Reviews- I would recommend anyone looking to accumulate money with lower risk should attend – Review #141
- It’s like our eyes have been opened to the mystery of financial strategic planning – Review #140
- This kind of presentation should be a part of a curriculum – Review #139
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- Those who come must come prepared to change their lives – Review #137
- I came away with lots of golden nuggets – Review #136
- I’ve known a lot of very wealthy people who were using these types of strategies – Review #135
- We have already been recommending this seminar to friends – Review #134
- I’m excited at the prospects that lie ahead and look forward to learning more about Doug’s abundant living approach to retirement – Review #133
- I was amazed how Doug Andrew could impart so much information – Review #132
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