Timely Tax Advice for Those Who Are Thinking About the Future




Live Abundant Radio with Doug Andrew show

Summary: There have been some significant changes in tax laws recently and that could spell opportunity for those who are paying attention. For some folks, it could mean an extra $3,000 to $10,000 in extra tax savings for the next 3 years. That's money that they would have likely paid in taxes had these latest tax reforms not happened. This means that a window of opportunity will be open for a short season and they'll have an opportunity to put that money to work safely earning predictable rates of return. For those who are thinking ahead and carefully planning for their golden years, that could mean another half a million dollars in their nest egg. Now is not the time to be short-sighted. Here's a snapshot of what Doug shares in this week's episode: * Now is the time to be thinking about whether to reposition your IRA or 401(k) funds. If you've ridden the wave of market volatility before, you'll understand why this is so crucial. * If you're counting on being in a lower tax bracket when you retire, you'd be wise to think again. Doug explains what has changed in the last 20 or so years that has made lower taxes at retirement a non-starter. * How willing are you to invest in building your brighter future? Once you've heard Doug's explanation of why this matters, you'll see why proven strategies beat dumb luck every time. * What's the difference between authentic wealth and what a majority people consider wealth? Hint: Your finances are only one dimension of your wealth. * Why is it essential to optimize your assets, to minimize unnecessary taxes and to diversify your money into superior financial vehicles? A lot of folks won't realize this until it's too late. * If you were a farmer, would you prefer to pay the tax on your seed that you bought in the springtime or on the harvest you reaped in the fall? How you answer this can reveal whether you understand the difference between tax-deferred and tax-free accumulation of your money. * And much, much more… Start by <a href="http://liveabundant.com/free-analysis/" target="_blank" rel="noopener noreferrer">visiting with a wealth architect</a> today. *Life insurance policies are not investments and, accordingly, should not be purchased as an investment.