For years, Doug Andrew has advised people to roll their money out of their qualified accounts like IRAs and 401(k)s and get the taxes over and done with strategically. The time to do this is now when tax rates are relatively low and when the prospect of taxes being higher in the future is a near certainty.
Think of all the stimulus bills that have been passed and all the money that the government is shelling out at more than double what they bring in with revenue during an entire year. Where is that money going to come from? According to the Tax Foundation, the most likely way politicians will be looking to finance their spending is to increase tax rates.
If you have money sitting in a tax-deferred account like an IRA or 401(k), it will be subject to those future tax rates that are likely to be much higher.
HERE’S A QUICK PREVIEW OF SOME OF THE TOPICS DOUG COVERS IN THIS EPISODE:
- Why are politicians looking to remove some of the options that have traditionally protected long term capital gains and the like? Doug explains their reasoning and what you should be doing to protect your money.
- What does presidential candidate Joe Biden have in mind when it comes to raising tax revenue to fund the massive spending programs he’s promoting? Doug says the writing is on the wall regarding why and how our taxes are headed higher.
- What should you be doing to protect yourself and your retirement nest egg from the coming tax hikes? Doug has been telling people for years how to do a strategic rollout that gets those taxes over and done with for good.
- What is the difference between a rollout and rollover of your IRA or 401(k) savings? Doug explains how only the rollout gets your taxes paid, at today’s lower rates and allows you to avoid unnecessary taxes from that day forward.
- Why does Uncle Sam want you to keep your money in a tax-deferred vehicle? Doug spells out how Uncle Sam looks forward to collecting in taxes at least a third or more of whatever you’ve got saved.
- If you had the choice of what to do with the tax money you’d save by doing a strategic rollout, could you do a better job than the government could? Doug shares what his clients have told him when they are asked this question.
- And much, much more…
Start by visiting with a IUL Specialist today.
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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment.
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