If you think future tax rates will be higher than they are today, would you exchange 35 minutes of time to save $149,600 or more in taxes over your lifetime?
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 wealth transfer when they fund their tax deferred accounts. Carefully compare how the true benefits and costs of these plans will impact your future lifestyle. You [...]
Tagged 401(k), financial plan, insurance, IRA, retirement, Roth IRA, Self-Directed IRA, tax deferred, tax free