Its no secret, Income Taxes are the LARGEST risk to your retirement plan. Uncle Sam wants your retirement money and if you are like the majority of American citizens, he’s going to get it unless you take control. If you aren’t actively planning to avoid them you are making a grievous mistake.
Qualified Plans like your IRA and 401k are a JOKE, Here’s why:
(center text) TAXES ARE ON SALE today…
I know what you are thinking…taxes are way too high as is. How could they ever go HIGHER?
Think about it this way. If you had to make a bet, based on the out of control spending on welfare, military, social security, etc…are taxes going to be higher, lower, or the same 20 years from now?
If you answers HIGHER, then you are right. There is no way they can go lower. So, if taxes are headed higher, why would you defer them until a future date?