Markets are high – now what?

Before the market crashed in 2008, very few in the financial media were recommending take your gains and go.  The system doesn’t work that way. Today people are worried about losing what they have gained in the latest recovery.

We will also discuss a recent article: “Why many Americans no longer tolerate risk.”  This traces the history and development of Wall Street’s favorite tool – the risk tolerance questionnaire. Was it created as a well-researched planning tool or a marketing tool to sell more investments?

You can read a copy of the article on our website or view the pdf in the extras section on the app.

Call us anytime with questions: 480-970-5663480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

Is there such a thing as a “Retirement Tax Bracket”?  

It is important to plan for and remember that when you take money out of a 401k or IRA, 100% of that withdrawal is counted and taxed as ordinary income. The entire amount counts toward the tax calculation.

If you haven’t planned for the cost of taxes during retirement it could potentially cause you some big problems.  If taxes go up you could pay more in taxes. If you need a large chunk of your own money for emergencies or just to use as you choose – you could end going into a higher tax bracket and getting hit with the full force of the U.S. tax coded.  You could be faced with tax rates of 25% to 39% depending on your income and withdrawals during retirement.  

A better approach is to take a balanced approach and save into taxable and tax free vehicles. You might not want to go all in on deferring the taxes you until retirement.

Indexed life insurance can be a great way to create tax free income. It is low cost long term and can allow you to access money before age 59.5 if you want to retire early. 

You can learn more about creating taxing free income at http://wealthforlife.net

Call us anytime with questions: 480-970-5663

Email Denver Nowicz at Denver@wealthforlife.net          

Matt and Denver discuss why creating tax free income is easy to do. Unfortunately,  most professionals are not receiving this advice.  This could end up costing them a fortune down the road.  Learn strategies to create tax free income now. Learn more at wealthforlife.net.