Missed Fortune Super Blog

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Missed Fortune – Start Converting Your Money into Better Plans

Posted on | March 6, 2011

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Capitalize On The Two-Year Window

We’re just beginning a two-year window in which tax rates will stay at current levels.

I want to empower you to take action during this time, because taxes will probably go up after this.

What makes me say that? The National Debt.

In the last two years, the National Debt has gone up $3.5 trillion. In the last four years, it jumped from $9 trillion to $14 trillion.

We don’t have a revenue problem in this country – we have a spending problem.

Last year, the Congressional Budget Office predicted that even if we slow down our spending, the average middle-income American will be paying 50 to 60 percent of their income in taxes by mid-century.

The cause? Health care legislation, barring repeal or some major changes.

Sooner or later taxes are going up. Even if they don’t immediately, you’re still paying more because the government didn’t increase the threshold based on cost of living.

Every dollar over $68,000 (for married couples filing jointly) or $34,000 (for singles) is taxed at 25 percent, not including 6 to 8 percent state income tax.

Basically every dollar over those thresholds will be taxed at 33 percent.

Americans who’ve put away money in IRAs and 401(k)s will see a third of their cash go to income tax.

I can teach you how to avoid what I call the tax and inflation power curve.

You have two years to start getting your money out of IRAs and 401(k)s and rolling them into safer, conservative plans.

Harness the Power of Indexing

I put my serious cash into vehicles that grow tax-free, stay tax-free and – when I die – transfer tax-free.

I think inflation is coming. Indexing allows me to have inflation help me instead of hurt me.

With indexing, you tie your money to the things that inflate. If the market goes up, you make money. If the market goes down, you don’t make anything, but you don’t lose anything either.

Many Americans saw their IRAs and 401(k)s lose 30 to 50 percent in 2008. A few years later, they’re not back to breaking even.

Folks who followed the Missed Fortune strategies have averaged 10 percent gains during the last four years.

IRAs and 401(k)s are not the best ways to save for retirement. Ask yourself if now’s the right time to roll over your money into better investments.

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

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