I believe that when you look at these issues, and the need for more revenue that these problems have created, it can be said that Americans can expect that future tax rates will be MUCH HIGHER than they are now.
Where would you like your money to be – TAX Deferred or TAX-FREE? TAX-FREE, of course!
You need to create a strategy to move your money from accounts that are FOREVER TAXED to accounts that are NEVER TAXED! You need to start turning taxable money and tax deferred money into TAX-FREE MONEY to protect that money from coming tax increases!
Americans have always been taught that investments (stocks, mutual funds, investment property, etc.), as well as Tax-Qualified retirement savings vehicles like 401Ks, 403Bs, SEP IRAs, Simple IRAs, etc, are great places to grow retirement savings.
But profits on investments are generally taxable as capital gains, and tax-qualified plans, (401Ks, IRAs, etc.), do not avoid taxes, they simply delay (defer) taxes until distribution. By delaying the taxes, these plans compound future tax burdens, making the tax problem much worse, because we can expect higher tax rates in the future.
Johnson Financial Group Inc. would like to share with you a little-known strategy found in the IRS Tax Code that allows individuals and businesses to create a private, flexible, long-term savings accumulation plan. Funds in this type of plan grow tax-free, and distributions can be used for any purpose, (college planning, retirement, etc.).
And best of all, distributions are NOT TAXABLE – avoiding income and capital gains taxes! And, this strategy still allows you to participate in the market without being exposed to the downside of the market, and without the risk of loss of your principal!
Give us a call at 443-807-7311, and let’s schedule a free consultation, either in person or online. We will share with you some strategies that you won’t hear from your CPA, attorney, or financial advisor, but many people have successfully implemented these strategies to grow their long-term savings for college education planning, retirement planning, and other purposes, and receive those distributions TAX FREE.
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