Retire Secure!: Pay Taxes Later The Key to Making Your Money Last as Long as You Do
Product Description
Retire Secure! tackles the number one fear facing most IRA and retirement plan owners: running out of money too soon. Lange, a nationally recognized IRA expert, offers specific and practical strategies to successfully navigate the three stages of retirement planning: accumulation, distribution, and estate planning.
Retire Secure! explains the tax advantages and long term wealth building strategies of selectively and strategically putting money into IRAs, Roth IRAs, 401(k)s, Roth 401(k)s and the myriad other retirement plan options available to individuals working in the corporate world, the non-profit sector, as well as individual proprietors. The book proves that putting money into tax advantaged retirement plans beats “traditional saving” in the after-tax environment.
The book sheds new light on best practices for spending your IRA and retirement plan dollars and your traditional savings. Many readers will be surprised to discover that the order in which assets are spent is not a trivial consideration—it can make or break the bank.
It also outlines Lange’s exceptional estate plan–a plan that has been featured in the Wall Street Journal and many other fine financial journals.
The book offers financial planning strategies and tactics in plain English that everyone can understand—and using humor and interesting characters in real life situations the book escapes the dreaded dry financial tome tone. For example, Chapter 1 offers a great mini case study that charts the financial destiny of Mr. Pay Taxes Later and Mr. Pay Taxes Now. Both start saving when they are age 30, but when Mr. Pay Taxes Now reaches age 90, he is broke, while Mr. Pay Taxes Later has $1,946,949 left. Chapter 8 is devoted to a complete case study of “Eddie’s and Emily’s” entire retirement decision making process.
The book is endorsed by more than 31 leading financial experts including Charles Schwab, and Roger G. Ibbotson, Yale Professor and perhaps the world’s foremost authority on asset allocation. As a bonus, readers who purchase this book can receive a free information-packed CD.
“Retire Secure! is your playbook for winning the retirement game and beyond. It shows you how to capitalize on little known provisions of the tax law that will make your retirement savings last several lifetimes, leveraging your hard earned money into a family legacy. Best of all, you can rely on the advice here since it is written by one of the nation’s leading retirement tax planning authorities.” Ed Slott, Author Parlay Your IRA into a Family Fortune and
The Retirement Savings Time Bomb…and How to Defuse It
James Lange (Pittsburgh, PA) , an attorney and CPA, is a nationally known IRA, 401(k), and retirement plan distribution expert with over 27 years of experience. His recommendations have appeared 23 times in theWall Street Journal as well as the New York Times, Newsweek, Kiplinger’s, and many other prestigious financial publications.
Retire Secure!: Pay Taxes Later The Key to Making Your Money Last as Long as You Do
Can the IRS garnish money out of your ROTH IRA account?
Someone just recently asked me this question, in passing. They asked if they have an IRS lien, can the IRS take money our of their ROTH IRA account? I’m trying to google it but couldn’t find much useful information.
What is a Roth IRA? Where do you get one? How much money can you put into one?
I read an article about Roth IRA being better than a 403B. It said you do not have to pay taxes on a Roth. I also am wondering if I quit my job, can I roll the $45K I have in my 403B into a Roth without a penalty?
I am seriously considering leaving my job.
The Lincoln Financial group manages my 403B.
Manage Your Own Money – 401k Mutual Funds
This video shows how to manage mutual funds in a 401k plan!
Not sure where my 401K rollover money. Current job doesn’t offer 401K. ?
I have about $ 6K from my last job in a 401K. My current employer doesn’t offer 401K. I’m not sure how to roll the money over into an IRA (?). I do not know who to call for help. I have searched on line but couldnt find anything that would really help.
More Ways of Making Money in Your Roth IRA (individual Retirement Account)
A canny fellow I know saw that a particular piece of commercial land was up for sale. It was in a good location and knowing that a chain store was in the market for land for a new store, he put the piece of commercial land under a purchase option in his self directed Roth IRA. He then approached the chain store management and after some negotiation sold them the piece of land. On closing day his IRA custodian received two sets of documents, one for the purchase of the property and the other for the sale of the property. He made a reasonable amount of money for his self directed Roth IRA and he was quite happy with the deal. A note of caution though, if the property had been flipped inside his IRA, he would have been liable to pay ‘unrelated business taxable income’ or UBIT taxes on his gain. Even if he had had to pay taxes on the deal, he still would have made a good amount of money on the deal.
Another friend of mine made money for his self directed Roth IRA, by buying a house that had partially burnt down. The insurance company had written it off and paid the owner full settlement. The owner was now selling it at the lot price, as he had bought another house. My friend knew a fellow that rehabbed houses, and he got in touch with him. The fellow said he was interested, but he was in the middle of rehabbing a house, and he wouldn’t be able to buy another house to do up, until he had sold the house he was working on. My friend said this would be OK, and agreed to keep the house until this fellow was ready. In the end my friend had to wait six months before the fellow was able to buy it. But the wait was worth it, my friends self directed Roth IRA made a nice little profit on the house. And that was another occasion that my friend walked away rubbing his hands together with glee.
Buying and selling property is not for everyone, if you would like a simpler, more TURNKEY solution to buying real estate, by using an IRA. Go to the url at the foot of this article, from there to my website. You will find much more information there.
Gordon Hall is an active participant of a national network of professional writers who advocate socially conscious real estate investing through the use of retirement vehicles such as IRAs, 401Ks and other retirement assets. For more information, or to get involved, please visit the following http://www.double-your-ira.com
