Select the statement in the column that describes your preference regarding:
| Taxation | Having the ability to delay the payment of taxes on the growth of my cash value | Having the ability to pay no taxes at all on the growth of my cash value |
| Market Risk | Putting my savings directly into market-based investments, where it is at risk of market losses | Having my growth based on increases in a market index, with protection from market index decreases |
| Funding Amount | Having government limits imposed on the amount I can set aside for retirement on a tax-advantaged basis | Having complete freedom to choose how much I want to set aside on a tax-advantaged basis |
| Completion Risk | Leaving my loved ones with my current amount of retirement savings if I die prematurely | Having my retirement savings increase by a substantial amount to leave my loved ones more secure if I die prematurely |
Do you have a plan that implements each one of your preferences?
If you think future tax rates will likely be higher, does it make sense to save money in a tax-deferred vehicle that delays paying taxes to the future when tax rates are higher? Forbes magazine (Dec 13, 2004) warned that most people unknowingly make this expensive mistake when they fund tax deferred accounts like a 401(k), IRA, 403(b) or SEP IRA. Does that describe you, too?
What if you could grow your money tax deferred and access it tax free and without penalty whenever you want for whatever you want with none of the restrictions of qualified plans?
What if your money could earn a market rate of return when the market goes up but not lose a single dollar when the market goes down?
And what if, after doing all this, you could reduce your income taxes by tens of thousands of dollars and more, especially during retirement? Bob and Carol reduced theirs by$149,636; Jeff and Lisa kept $253,824; and Dr Michaels reduced his taxes by $1,062,040.
What are you doing to protect yourself against higher taxes and inflation in the future and avoid the tax deferral trap?
Do you have a comprehensive strategy that -
* Maximizes your capacity to build secure wealth?
* Minimizes the impact of future higher taxes and inflation?
* Allows your money to never participate in losses, only the gains?
* Allows you to access your funds tax free, penalty free, any time you want?
* Provides you with a clear set of directions to implement your strategy and manage your tactical advisors?
* Has your money working safely and predictably for you so you don’t have to work for money?
* Eliminates those ‘what ifs’ that keep you awake at night staring at the bedroom ceiling?
* Enables you to freely choose what to do with your life, where and with whom?
Or, are you hunkered down defensively in bunker mentality, fending off ‘distractions’ and missing opportunities, too busy making a living to have a life?
‘Jeff and Lisa’ knew they’d be in trouble if they stayed in their bunker. They were on track to run out of money well before life expectancy. They implemented two painless recommendations that reduced their income tax burden in retirement by almost over $696,000 and ensured they had adequate income past age 100. Read their story in Avoid The Deferral Trap.
Individuals: Click “Who’s Helping Consumers?” to start your Blueprint program. Learn how to eliminate the “what ifs” that keep you awake at night and how smart cash flow, asset and liability management can increase net worth and decrease taxes for a more secure and prosperous future. Learn how to Avoid The Deferral Trap. Click here now
Business Owners: Start working ON your business at the strategic level eliminating the “what ifs” that keep you awake at night rather than IN your business at the tactical level on tasks you should delegate.
Let’s design a ‘Blueprint’ that enables you to do what you want, with whom and where ever you want. Help yourself and those you care about. Call 425-829-4110 or email scott@scottscholz.com
Lewis Carroll wrote, “If you don’t know where you are going, any road will get you there.” H. Stanley Judd wrote, “A good plan is like a road map: It shows the final destination and usually the best way to get there.”
