Information you need to live a happy, worry-free retirement!
Defusing the Tax Time Bomb
It is estimated that the Baby Boomers will pass more than $40 trillion in accumulated assets to their heirs by the year 2052. Wealth Transfer is the next great frontier in the financial services industry.
Right now, $7 trillion of those dollars are accumulating tax-deferred in qualified accounts like IRAs and 401(k)s. Chances are, you might own a share of that significant total. It is also you never plan to use their qualified assets as income. You might be drawing income from other sources, like a pension or Social Security, and would rather continue to defer taxes on their qualified money and let it accumulate for as long as possible.
What you need to understand is that tax-deferred does not mean tax-free. Whether you take voluntary withdrawals, or forced to take Required Minimum Distributions starting at age 70 ½, or their beneficiaries pay the taxes when the money transfers to them; One way or another, the government is going to collect tax revenues from that money.
So how can you ensure that you’re not simply growing a larger tax burden for your children by letting these qualified assets accumulate?
This report will describe three wealth transfer strategies designed specifically to allow you to pass the full value of your qualified assets to your beneficiaries, while eliminating their tax burden.
