What Is Retirement Protection?
There are strategies ready to enrich retirement.
Few if any people relish paying taxes, but remember, any taxes you owe will be deducted directly from your retirement savings once you've earned your income. Utilize retirement tactics to optimize your retirement funds' ability to support your retirement plans effectively.
How Are You Saving For Retirement?
- Traditional IRA?
- Roth IRA?
- 401(k), 403(b), etc. ?
- How much are you contributing? What percentage?
- How much does your employer match in your 401(k)?
4 Ways To Save Money
- Free (401k match)
- Tax-Free (municipal bonds, Roth IRA, life insurance)
- Tax-Deferred (401k, 403b, Traditional IRA, etc.)
- Taxable (stocks, bonds, mutual funds, etc.)
Questions To Ask Yourself
- What retirement savings do you have?
- Would you rather have some income in retirement that you don't have to pay tax on?
- What’s your largest bill?
- Do you agree you should be saving at least 10% of your income for retirement?
- If you could design your own retirement savings plan, what would you like it to do for you?
What Would Your Perfect Retirement Plan Look Like?
Tax On Harvest Or Seed?
If you were a farmer, which would be more logical to tax: the seed or the harvest? The clear choice is the seed.
This analogy aligns with our outlook on retirement planning. By investing after-tax $$ in a secure vehicle that grows your money, you can effectively generate future cash flow and a lasting legacy.
5 Most Important Factors
Side-by-side Comparison
- Safety/no loss
- Good returns/gains
- Tax-free
- Liquidity/access to the money
- Living benefits