Pay Taxes Now to Have More Money Later

Posted on | January 23, 2011 | No Comments

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This week Doug Andrew discussed the following:

Upcoming Free Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, Jan. 25th at 11:00 a.m. pacific (12:00 p.m. mountain, 1:00 p.m. central, 2:00 p.m. eastern), and again at 6:30 p.m. pacific (7:30 mountain, 8:30 central, 9:30 eastern).

The topic is “True Asset and Wealth Optimization.” You’ll learn how to choose the right investments for liquidity, safety, rate of return and tax benefits.

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All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

The Bill Is Coming Due Soon

There’s been a lot of debate lately about the repeal of Obamacare.

While there are many reasons to oppose this flawed government health insurance law, it is important to remember that Obamacare is one of the largest tax increases in American history.

I’m not so sure we’ll see repeal. I think there will be changes, but one way or another, it’s going to be extremely expensive.

The writing’s on the wall. In the last five years, our National Debt has jumped from $9 trillion to $14 trillion.

The government extended the Bush tax cuts for another two years. When the cuts expire, it will be by far the biggest tax increase this country has ever seen.

Two things are certain. Taxes will be going up and dollars will be worth less.

You need to insulate yourself and your retirement funds from future taxes and inflation.

I can show you how.

Get Your Money Out of IRAs and 401(k)s

If you wanted to borrow a million dollars from me, you’d have two questions: When is the loan due, and how much interest will you charge me?

Would you still want to borrow the money if I said, “I’ll let you know when I want the money back, but be ready to pay at any time?”

Would you still want to borrow the money if I said, “I’ll let you know the interest when I ask for the money?”

Of course not. But that’s what most Americans do when they have IRAs and 401(k)s. The government is using you as their savings bond.

IRAs and 401(k)s are a good way to save for retirement, but they’re a far cry from the best way.

What about Roth IRAs? Roths are a better way to save, but a far cry from the best way.

The best investments will give you peace of mind during these troubling times and allow you never to outlive your money.

If there’s inflation, your money is tied to the things that are inflating.

Now is the time to start converting your IRAs and 401(k)s to safer, more predictable plans. Stop postponing taxes and get them over with at today’s lower rates.

Put your money into vehicles that grow tax-free, transfer tax-free and distribute tax-free.

Meet with a Missed Fortune advisor to get started planning your future.

Bonus Missed Fortune E-Book: Baby Boomer Blunders

The average Baby Boomer has less than $50,000 accumulated for retirement (which means many have less than that), primarily due to bad habits and having money invested in the wrong places where economic downturns can diminish their nest egg.

Download this e-book now at www.babyboomerblunders.com.