“I can’t believe I am paying an additional $132,000 in taxes, in addition to what I have already paid throughout the year.  This is ridiculous!!!!  My advisors aren’t working hard enough or I have the wrong advisors.”

 

Sound familiar?  “Tim” made this comment to me standing in the hallway of his business less than 3 months after we met.  I was his new advisor.  As a successful business owner, he had been earning an annual income of between $500,000 and $1,500,000 per year for a number of years but this year was exceptionally profitable.  I asked him if he would like to make tax deductible retirement plan contributions of $225,000/yr for the next 5 years.  He said it was not possible.  In the next 3 months we studied his individual situation and designed a plan that accomplished his goals.  He made tax deductible contributions of $225,000/yr. for 5 years resulting in an annual tax savings of approximately $99,000/yr. for a total tax savings of $495,000. Then started receiving a retirement income guaranteed for life. 

 

This retirement plan design has been around for more than 40 years, but few know about it.  

 

There are 2 tax systems, one for the informed and one for the uninformed.  May we help you keep your money?