Get Out of Tax Jail

Get Out of Tax Jail

Sadly, most American taxpayers are completely unaware of what is going to happen to their hard-earned money in retirement. If you are sending income to your retirement through an IRS 401k, IRA, 403b or SEP plan, you are in for a very rude awakening. You are in debt to...
Income or Cash Flow in Retirement?

Income or Cash Flow in Retirement?

Income or Cash Flow in Retirement? If you are retired… Not working… Not earning money… Why are you reporting income on your 1040? And paying taxes on it? The US tax code does not require you to file a tax return…if you don’t have any income. Distributions from all...
Roulette With Your Retirement

Roulette With Your Retirement

If you are saving for retirement in an IRS tax-deferred plan, you are playing roulette with your retirement. Bets are placed on: Future tax rates Future tax brackets Withdrawal timing Withdrawal rates Market performance Tax code changes Roulette is a casino game named...
$22 Trillion | $24 Trillion

$22 Trillion | $24 Trillion

National Debt = $22 Trillion Tax-deferred Money = $24 Trillion Ever wonder why “They” don’t talk about the National Debt? If you would prefer not to subject your 401k, IRA, 403b or SEP to the Government’s solution to the National Debt, then perhaps you should pay your...
One Foot on the Gas, One Foot on the Brake

One Foot on the Gas, One Foot on the Brake

So many Americans are driving their financial lives with one foot on the gas and one foot on the brake. They are accelerating the payoff of their mortgage, which decreases deductions (interest) on their tax return causing more taxes. Yet they are making contributions...