I’m sure the answer to this question is a resounding NO! Are your accounts for retirement set up properly to pay no taxes in retirement? You are probably thinking to yourself, “what’s the trick?” It’s not really a trick at all but instead making certain to take care of converting taxable income in retirement to Roth IRAs while working. Pay the taxes before you retire.

Are 401Ks actually ALL yours? Unfortunately, before you get YOUR money the government will take what is owed to them. Listen to Tom Hegna’s brief video on “The Conversation That Will Save Your Retirement.” My recommendations resonate with what Tom shares with you and that is to do the following:

• If you are working and your company provides a 401K or Simple Plan do the match. That is 100% rate of return.
• Anything above the match do a Roth 401K or a Roth IRA.
• Another option is a Cash Value Life Insurance.

With interest rates at an all time low to stimulate the economy, there is no doubt, absolutely no doubt we will see taxes increase. Needless to say, you will be paying more taxes on them in retirement. Now is the time to plan ahead.

In Tom’s video, he mentions a movie called “The Power of Zero” by David McKnight. I encourage you to watch this movie to learn about the realization of what is about to happen in the very near future. It will be very important you pay the tax on your retirement funds now so that you aren’t on the tax train that is coming down the track.

Let’s talk about how we can help you to protect your hard earned retirement funds with Roth 401K or Roth IRA accounts as well as Cash Value Life Insurance policies.