Isn’t the world of financial advice filled with contradicting

opinions? Just turn on one of the financial news shows, and you can find

two “experts” going at each other, on opposites sides of the fence, both

armed with piles of charts and data to prove their point.

But there is one thing that they all agree on. Everyone agrees that

when it comes to retirement planning, you should start by contributing as

much as you can to your retirement plan at work, whether it is a 401(k),

403(b), a 457, a SIMPLE IRA, or similar plan. Everyone agrees that you

should not only contribute as much as you can, but you should also do your

best to “max-out” your contributions, thus depositing as much as the law

allows for each and every year.

This type of thinking is so pervasive that I challenge you to find a

these plans are the best place for you to invest your money. Now, they may

all argue as to what to do with your money once you get it into these plans,

but they do agree that these plans are the best home for your retirement

investments.

Today’s retirees, however, are starting to learn that this advice,

realize that their traditional retirement plans are not designed to benefit

them, but instead are designed to benefit the IRS. In fact, many are

Preface

wondering whether they ended up planning for their retirement, or for the

IRS’s retirement.

How did we get here? How did we ever fall for the idea that

traditional retirement plans were good homes for our money? Well, you

might remember hearing something like this at a retirement plan meeting:

You remember that line of thinking, don’t you? What’s the

problem with it? The problem is that this line of thinking requires that you

make several dubious assumptions. In order for this line of thinking to

work out, you need to have all of the following be true:

1. Taxes have to stay at the same level they are today and NOT

increase down the road (in Chapter Four, we’ll learn why this is

“pie-in-the-sky” thinking).

2. Your health care expenses must not significantly increase in

retirement (good luck there!).

3. Your lifestyle in retirement needs to be one in which you stay at

home and do nothing (because doing something almost always

costs money).

4. And most of all, your retirement plan has to earn really lousy

returns over many years (because no matter what the tax code is

down the road, if your retirement accounts grow, you’ll end up

paying tax on a much larger sum as you pull the money out).

much less all of them? Heck, you probably don’t want numbers three and

four to happen! I hope that you want to enjoy a comfortable retirement,

where you do whatever you want to do without having to worry about

money. And I sure hope that you have nice portfolio returns over time so

you have a whole bunch of money to deal with during your retirement

years. For most people, that’s called “financial security.”

This book will show you how you can build a truly comfortable

retirement free of the onus of taxation. It will also show you, if you have

already built large values inside of your retirement accounts, how you can

potentially extract hundreds of thousands of dollars out of those accounts

One note of caution—we discuss a number of tax planning options

in this book. Taxes are not simple and apply differently to everyone. We

recommend that you find a qualified tax or financial advisor who can help

assist you with your specific tax situation. The last chapter of this book is

devoted to helping you find just such a person if you do not already have

one. (TAKEN FROM BOOK OF MICHAEL REESE)

TO LEARN HOW YOU CAN BENEFIT FROM A TAX FREE RETIREMENT CALL:

MICHAEL SMITH (800) 481-0819 - MESSAGE CENTER 24/7