Taxes are owed on every dollar in your tax-deferred plans (401(k), IRA, 403(b), SIMPLE, Solo, SEP, etc.).
If you are in a 30% tax bracket, the IRS owns 30% of your plan balance.
As you make contributions and watch your money grow, the IRS watches their money grow.
The IRS has given you the privilege of paying all the fees and commissions on the entire account balance, even the 30% that belongs to them. No wonder the IRS ❤️❤️❤️ you so much! P.S. Financial planners love you too.
Every day I help people change their lives. Do you want to learn a different way?
Remember, You Can Live Tax-Free in Retirement!
Judy Carlson, CPA
CEO & Founder
CORAM DEO FINANCIAL
“Simply Live Tax-Free”