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Last
Chance Retirement
A book by Brett A. Anderson
This Financial
Planning for Retirement information is a
snapshot of some of the information found in Brett’s book, an associate with
whom I work.
The Best Way to save
for Retirement no one has ever told you about – TAX FREE
Just say “NO” to an
IRA, 403b, 401k, 457, SEP– Don’t be a victim of the TAX DEFERRED traps.
And a ROTH isn't much better....
There are 2 ways to
go and most go the wrong way
1.
IRA, 403b 457, SEP, Keogh are
not
tax free
2.
An IRS approved Private Plan that
is
tax free
(and it can yield a 10:1 return on invesment when given time to grow)
What
most people think is the “best” way to save just isn’t. The IRS and
Congress approved over 25 years ago, a Financial Planning For Retirement Savings program
popularly referred to as a “Private Plan”.
Which
list of options would you choose to be a part of your retirement plan?
|
|
IRA, 403b, 401k, 457,
SEP, or KEOGH |
Private Plan |
|
Earnings |
Tax deferred |
Tax deferred |
|
Principal withdrawals |
Taxed 33% - 40% |
Tax Free |
|
Earnings Withdrawals |
Taxed 33% - 40% |
Tax Free |
|
Retirement Income |
Taxed 33% - 40% |
Tax Free |
|
Beneficiary Value |
Taxed 33% - 40% |
Tax Free |
|
Contribution Limit |
$15,500 max per year |
No limit |
|
Pre age 591/2 Penalty |
10% + state penalty |
None |
|
Mandatory Distribution |
Age 701/2 |
None |
|
Historical rate of return |
2-5% |
7-9% |
|
|
|
|
|
Example Comparison –
Age 45: save $1000/month for 15 years @ 7% net |
|
Account Value Age 61 |
$288,000 |
$317,000 |
|
Retirement Income Age 61 |
$40,000 per year
(net $27,000) |
$40,000 per year
(tax free) |
|
Retirement Income Age 71 |
0 – already ran out |
$40,000 per year
(tax free) |
|
Retirement Income Age 81 |
0 – already ran out |
$40,000 per year
(tax free) |
|
Retirement Income Age 91 |
0 – already ran out |
$40,000 per year
(tax free) |
|
Retirement Income Age 100 |
0 - already ran
out |
$40,000 per year
(tax free) |
|
|
|
|
|
Account Value Age 100 |
0 |
$6,000,000 |
Contact me for
an personal interview at no cost to you. We must analyze your
position, and your present investments and assets to see if this is a fit
for you.
Lee Zebold, BSc, LX
Accurate Credit
and Financial Planning
(213) 977-0880
lzebold@sbcglobal.net
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