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Synopsis
The United States is over $27 Trillion in debt. Every day, 10,000 Americans turn 65 and start collecting Social Security & Medicare. A former U.S. Comptroller General describes our entitlement system as "fiscal cancer." In 1935, 42 people paid into Social Security for every person who received a check. Now, there are less than three people paying into the system. Although Congress recently lowered federal income taxes, the trend suggests strongly that rates could return to levels we haven't seen since the 1970's. If you have money in a 401(k), 403(b), or IRA, you could stand to lose far more than you think to federal and state income taxes. In this book, Financial Advisor and Tax Enrolled Agent, Marcus Warren, details not only the threats you face, but strategies that can free your retirement savings and Social Security benefits from the grip of the IRS. A must-read for retirees and those nearing retirement!
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The Tax Playbook: Seven Steps To Protecting Your IRA/401(k) From The Coming Tax Storm
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