Missed Fortune Super Blog

A Savings Vehicle That Makes All the Difference

Missed Fortune – The Power of a Tax-Free Retirement

Posted on | September 20, 2009

If you believe that future tax rates will be higher, you need to start taking control and start using strategies that will allow you to accumulate money that will be tax free when you go to use it.

Future tax rates will be higher!  In all the books I have written, I talk about how you can crawl towards retirement in tax as earned investments such as CDs and Money Markets.  You don’t want to crawl toward retirement!

The power of a tax free retirement. If you had a $1,000,000 earning 10% and were accessing your money tax free, you could withdraw 100,000 a year and have it last into perpetuity.  It would never run out!

If you had to pay taxes on the money, you would have to draw out $150,000 to get $100,000 after tax.  Your money is going to run out much quicker if you have to pay taxes on the back end. For those of you who are approaching retirement in the next 5-10 years, it is not too late.

Did you know there are three kinds of people in the world? The Strivers, who pay interest. The Arrivers, who earn interest. The Thrivers, those who pay some interest to earn more interest. They learn how to become their own banker. I’ve taught for 35 years how to pay off your home and become debt free the quickest and smartest way.

Related Articles:

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

Be Sociable, Share!
  • more Missed Fortune   The Power of a Tax Free Retirement

Comments

Leave a Reply






Warning: Unknown: open(/home/content/36/3927036/tmp/sess_1fdogf9aqpeppiff18rjajt521, 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