Missed Fortune Super Blog

A Savings Vehicle That Makes All the Difference

Missed Fortune – Pay Taxes Now to Have More Money Later

Posted on | January 23, 2011

black Missed Fortune   Pay Taxes Now to Have More Money Laterplay video Missed Fortune   Pay Taxes Now to Have More Money Later

missed fortune super blog itunes 150x150 Missed Fortune   Pay Taxes Now to Have More Money Later

The Bill Is Coming Due Soon

There’s been a lot of debate lately about the repeal of Obamacare.

While there are many reasons to oppose this flawed government health insurance law, it is important to remember that Obamacare is one of the largest tax increases in American history.

I’m not so sure we’ll see repeal. I think there will be changes, but one way or another, it’s going to be extremely expensive.

The writing’s on the wall. In the last five years, our National Debt has jumped from $9 trillion to $14 trillion.

The government extended the Bush tax cuts for another two years. When the cuts expire, it will be by far the biggest tax increase this country has ever seen.

Two things are certain. Taxes will be going up and dollars will be worth less.

You need to insulate yourself and your retirement funds from future taxes and inflation.

I can show you how.

Get Your Money Out of IRAs and 401(k)s

If you wanted to borrow a million dollars from me, you’d have two questions: When is the loan due, and how much interest will you charge me?

Would you still want to borrow the money if I said, “I’ll let you know when I want the money back, but be ready to pay at any time?”

Would you still want to borrow the money if I said, “I’ll let you know the interest when I ask for the money?”

Of course not. But that’s what most Americans do when they have IRAs and 401(k)s. The government is using you as their savings bond.

IRAs and 401(k)s are a good way to save for retirement, but they’re a far cry from the best way.

What about Roth IRAs? Roths are a better way to save, but a far cry from the best way.

The best investments will give you peace of mind during these troubling times and allow you never to outlive your money.

If there’s inflation, your money is tied to the things that are inflating.

Now is the time to start converting your IRAs and 401(k)s to safer, more predictable plans. Stop postponing taxes and get them over with at today’s lower rates.

Put your money into vehicles that grow tax-free, transfer tax-free and distribute tax-free.

Related Articles:

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

Be Sociable, Share!
  • more Missed Fortune   Pay Taxes Now to Have More Money Later

Comments

Leave a Reply






Warning: Unknown: open(/home/content/36/3927036/tmp/sess_nt3j5k0i1993ubdp4ehss66qp4, O_RDWR) failed: No such file or directory (2) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0