retirement planning

  Financial Planning for Retirement

Last Chance Retirement

Brett A. Anderson

This Financial Planning for Retirement information is a snapshot of some of the information found in Brett’s book, a friend with whom I work.Financial Planning for Retirement

 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.

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

What most people think is the “best” way to save just isn’t.  The IRS and Congress approved over 25 years ago, a 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

Retirement Income Age 71

0 – already ran out

$40,000 per year

Retirement Income Age 81

0 – already ran out

$40,000 per year

Retirement Income Age 91

0 – already ran out

$40,000 per year

Retirement Income Age 100

0 -  already ran out

$40,000 per year

 

 

 

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.

retirement planning

Free Information that can save you many thousands in taxes, and create retirement funds for the rest of your life which wold include funding for your kids college years.

Retirement Planning utilizing safe and secure vehicles that will make you more money and provide peace of mind

Contact me

Lee Zebold, BSc, LX
(213) 977-0880
lzebold@sbcglobal.net

Back to Retirement Income Planning
 

 Debt Elimination Home   Contact Us   Senior Opportunity  Mortgage Reduction