Summary: Escaping the tax trap could be the most important move you make as you plan for your brighter future. This isn’t about avoiding paying your fair share, it’s about recognizing the unnecessary taxes that too many people still end up paying.<br> In this case, if you’ve been saving for retirement in an IRA or 401(k), there is a tax trap waiting to be sprung the moment you start accessing your money. There are better strategies utilizing existing IRS code that can help you safely grow your nest egg tax-free rather than tax-deferred.<br> In this episode, Doug Andrew shares 3 myths that will revolutionize the way you plan and save for retirement.<br> Would you like to know what your Abundant Living Score is? <a>Click Here</a> to gain immediate access to the Three Tools for a Strategic and Predictable Retirement.<br> Doug has been a financial strategist and tax minimization specialist for more than four and a half decades. In that time he has helped countless people prepare for retirement by addressing the three biggest retirement risks–taxes, outliving your money and market volatility. Escaping the tax trap means understanding the secret to reducing your tax bill at retirement.<br> HERE IS A QUICK SNAPSHOT OF WHAT DOUG SHARES IN THIS BROADCAST:<br> <br> * How will taxes erode away the cash you’ve saved for retirement? Doug explains how your tax-deferred IRA or 401(k) places a significant chunk of your savings at risk.<br> * Have you ever worried about outliving your retirement nest egg? Doug explains how <a href="https://liveabundant.com/compare-your-plan/iras-401ks/"> if your serious money is currently parked in an IRA or 401(k), you may want to rethink your options</a>.<br> * What are the 3 myths about taxes during retirement? Learn how you can ethically reduce taxes on your nest egg and increase your net spendable retirement income.<br> * Why do so few people know about these tax reducing strategies? Doug shares how even financial professionals sometimes miss out on this essential information.<br> * Can you be sure that taxes will go up in the future? If you’re serious about escaping the tax trap, you’ll need to know the answer to this question.<br> * How do your 401(k) and IRA make it much more likely that you’ll be getting a hefty tax bill at retirement? The answer lies in the difference between tax-deferred and tax-free savings.<br> * And much, much more…<br> <br> Start by <a href="https://liveabundant.com/free-analysis/" target="_blank" rel="noopener noreferrer">visiting with a wealth architect</a> today.<br> What are the five key objectives to financial abundance? How can you evaluate various financial vehicles using the LASER test? <a>Click Here</a> to gain immediate access to the Three Tools for a Strategic and Predictable Retirement.<br> *Life insurance policies are not investments and, accordingly, should not be purchased as an investment.<br>
