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.
Tags: 401(k) > 401(k)s > Doug Andrew > IRA > IRAs > Missed Fortune > Missed Fortune Radio > Qualified Plans > Taxes
Comments
Leave a Reply
3rd Party Reviews- I would Love my Family to Attend – Review # 120
- The Seminar Opened Our Eyes to New Opportunity – Review # 119
- I Now Have a Starting Point – Review # 118
- A Comfortable Retirement – Review # 117
- The “Positive Future” for Us is Possible! – Review #116
- The Clarity Retreat Opened My Mind – Review # 115
- This Seminar Saved My Retirement – Review #114
- How to Overcome Financial Barriers – Review # 113
- Develop a Wholesome Value System – Review # 112
- I Highly Recommend This Seminar – Review # 111
Connect to Us
Purchase Our Books
