Traditional financial planning tells us that when we retire, we will retire to a lower tax bracket.
Traditional finanacial planning also tells us to maximize our contributions to our tax defered 401ks, 403bs, IRA retirement accounts. Tax defered meaning we will pay taxes when we withdraw our money.
First, if we retire to a lower tax bracket that means we have retired to a lower standard of living...who wants that?
Second, the current economic climate in the U.S.A. dictates that taxes must be increased in the future to pay for our huge financial debt.
Third, we have deferred the taxes through our retirement accounts to an unknown level of taxation.
If you do not anticipate and plan for these coming tax events you are already losing the investment battle.
What you really need to do is minimize your future tax liabilities to at least add some predictability to your retirement income and investments.
WE CAN TEACH YOU HOW!
Watch this 5 minute video on "The Impact of Taxes!"
A few important quotes:
"We are heading to a future where we'll have to double
federal taxes or cut federal spending by 60%."
"We face large and growing structural deficits largely
due to known demographic trends."
"In the past several years, our nation's total liabilities
and unfunded commitments have risen from about
$20 trillion to about $53 trillion."
"These unfunded commitments translate to about
$700,767 per household and is growing every second."
Quotes above from former GAO Comptroller General David Walker, June 7th, 2006
"As a nation, we have already made promises to
coming generations of retirees that we will be
unable to fulfill."
Quote from Alan Greenspan, USA Today, November 2004
Link: Currrent U.S. Treasury Debt To The Penny
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