Fear Free Retirement

Maybe you are conservative with your money, or got lucky with the market in the ‘90s and pulled out your gains before the crash in 2000. And maybe you’re blessed with “healthy genes,” enabling you to avoid high health care costs. There is still another event that can reduce your principal and/or cause you to outlive your money. This event is certain, the fear is ancient. As certain as death…and you guessed correctly: taxes. It’s not how much you earn, it’s how much you keep. In 2008, the Congressional Budget Office (CBO) did an analysis on the growth of government spending and deficits for Medicare, Medicaid and Social Security. Their conclusion: …“if taxes don’t keep pace, ‘the additional spending will eventually cause future budget deficits to become unsustainable…’ And if taxes were to keep pace? The CBO says [T]ax rates would have to more than double.’” In the past ten years, the federal government has incurred expenses for two wars, two bailouts, and a new healthcare plan. If you were to guess, would you say that taxes will go down, remain the same, or go up by the time you plan to retire? What if I told you it doesn’t matter what taxes do? That’s because you can make tax rates irrelevant by generating a tax-free retirement income. And I’ll tell you how in this book. Retiring in this country is not for the faint of heart. No one would argue that the financial crisis has changed the way many Americans view retirement. Around six years ago I came to grips with the sad realization that retirement is quickly becoming almost impossible. Government spending began skyrocketing, and this was even before the current administration. Company stocks plummeted, pensions were depleted, health care plans disappeared and the housing market crumbled. I began to wonder if Social Security might go the way of the Dodo bird. This motivated me to put together a retirement plan that no one could screw up. The past six years I’ve focused on trying to help people convert their assets into tax free income because I believe a tax-free retirement is the only one that is going to last. Every government will be able to tax you on almost everything that you do. I prefer to use tax-free and tax-favored vehicles that let you control when you pay taxes. What Sir Francis Bacon said nearly 500 years ago still holds true today: “Knowledge is power.” This book contains the kind of advice I share with my clients. It also includes material from my seminars on “Creating a Retirement Safety Net,” including: • An in-depth look at how to overcome the common fears of retirement • Solutions to the challenges of retirement, including: *Some which have worked effectively for hundreds of years, and *New twists on old classics that can produce amazing benefits Most importantly, I give you the knowledge and power to create a plan for a fearless retirement and enjoy peace of mind regarding your financial future.