Individuals
Do you ever ask yourself: What if I outlive my money? (This is a primary concern for most Americans according to this study-read HERE.) What if tax rates increase in the future? If tax rates increase in the future, does it make sense to save money in tax-deferred investment vehicles where I’ll pay taxes at [...]
Avoid the Tax Deferral Trap
If you’ve saved money into a 401(k) or tax-deferred account, you’re headed for The Deferral Trap. Forbes magazine (Dec 13, 2004) first warned that most people unknowingly make this expensive mistake when they fund their tax deferred accounts. Carefully compare how the true benefits and costs of these tax deferred plans will impact your future lifestyle. [...]