Tag Archives: 401K plans

Overall tax rates are going to continue creeping higher in the years ahead so take advantage of every legal means you can to shelter your wealth and watch it grow with as little interference from Uncle Sam as you can. Here are 4 such ways to do just that - pay less taxes!

There are huge amounts of money in the IRA ($3.5 trillion) and 401(k) ($5.1 trillion) retirement plans in the U.S. (another $9.9 trillion in assets held elsewhere) according to a recent Investment Company Institute study which makes it very tempting for government to try and get at it. [While] the government may, or may not, tax the money, they may force you to include a sizable percentage of the retirement assets in your IRA and/or 401(k) in U.S. Treasury securities, which may be among the worst investments in the years ahead as interest rates go up and price inflation eats away at the buying power of those IOUs. [Let me explain.] Words: 802

Retirement planning is more intimidating for most than any other personal finance topic. We know we should be saving but not how much. We know it's important to use a tax-deferred account but not which one. Most devastatingly, we often leave saving itself completely up to chance trusting that we will have enough willpower to set money aside for 30-50 years. Luckily, finding a secure and enjoyable retirement need not be mysterious. Here's exactly what to do.