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Do you think in the future that taxes will be higher, lower or stay the same?
Do you think taxes have to increase if we as a country are going to pay off over $22 trillion in national debt?
So is deferring taxes really a good idea? Yet what you hear from your CPA is that you shouldn’t take any money out of your IRA because you will have to pay taxes.
So Think about this: You are going to have to pay taxes at some point…the IRA only DEFERS taxes.
When you turn 70½ years old the government is going to FORCE you take out your Required Minimum Distribution (RMD).
Putting together a retirement income plan to last throughout your retirement is the most important challenge retirees face. Now with the fact that we’re living longer along with advanced medical science and technology, it’s extremely probable that many people who are retiring today could potentially spend 30 years or more living in the retirement stages of their life without income and only from social security and risky investments to support them. That’s very scary and definitely realistic though.
GSP Financial makes sure that your income planning is our top priority. We help our clients to establish a solid tax-free plan that’s guaranteed to last as long as they do. In other words, the income plans we prepare for our clients are guaranteed to “go the distance.” And that means even if they live to be 120 years or older! They will always be guaranteed to receive that monthly check. So if your income plan is one of the most important thing in retirement, peace of mind second. Let GSP Financial help you to create and income strategy that you can’t outlive so you may enjoy one of the most important times in your later years of life while having peace of mind, confidence and certainty.
GSP Financial Will show you how to systematically take back control of this never ending ticking tax bomb and create a tax-favored environment not only for you, but also for your family.
I was reviewing our bills and was frustrated that no matter how hard I tried, I couldn't seem to lower our debt. I couldn't figure out what I was doing wrong. After listening to (my YFB producer) and seeing the numbers on paper, I have to admit, the program intrigued me. I told them that at this point there had to be a better way then what I was doing and was willing to try anything. Come to find out, (this) way was better. We have now been on the plan for almost two years now and have paid off over $50,000.00 in debt. I should also mention that we have not had to change our lifestyle either. Our personalized financial plan shows that we could be completely debt-free within 10 years, including our mortgage, and still be able to send our 2 children to college and retire without financial hardship. Thank you for being patient with a skeptic and providing the tools to obtain a debt-free future.
When I think of the long-term effects on those who read Becoming Your Own Banker, I see: Less divorce in our country. Most of the divorces have financial matters at their root. Less need for government interference in out lives. Obeying the principles will preclude the need for Social Security. Peace of mind. This will have an effect of life span and overall health. Control of your own destiny. The ability to serve others more effectively. This concept allows all these things to happen. I'm glad I was introduced to it many years ago and was able to play a part in its development.
Roland J. Nelson
PHARMACIST, BIRMINGHAM, AL
The concept offers a chance to accumulate much greater sums of money 'tax-free' than is possible with IRAs or 401(k) plans, without being forced to wait until age 59 ½ to use the money without penalties, or being forced to begin taxable withdrawals at 70 ½.
ENGINEER, AND A RECENT GRADUATE OF LAW SCHOOL AT WASHINGTON & LEE UNIVERSITY.
I wish I had learned about building my own private bank concepts earlier. Now I am in the 4th year of building my own bank. However, I was able to finance a car last year already if I wanted to. The system is amazingly simple to follow and it makes so much sense for real wealth building and preservation. It provides more than recovering the interests and cost of the car and any major purchases; it also provides many instant tax-favored benefits I did not have before. I am not only using the system for car purchase, I am also building my own bank for an emergency cash reserve, liquid cash for other investment opportunities, my retirement savings, etc. I wish I had started the system much earlier.