Avoiding The Tax Trap

        What’s truly important is you and your financial future. You may spend 30 or 40 years working hard to accumulate a retirement nest-egg through various means – investments, savings, real estate, building a business. Your next step is to ensure that your wealth is invested wisely and used smartly.
Almost 100% of other financial services firms focus solely on the accumulation phase of your investing life. At Presidential, we are also concerned about the second half of the game: that you 1) have a transition-into-retirement strategy that allows you to protect and enjoy what you have accumulated, 2) avoid heavy and needless taxation of your retirement funds and – when you’re finished using them – your legacy is handed intact to your beneficiaries as you intended.

        For example, it is estimated that as high as 80 percent of investors’ beneficiary designations may be substantially flawed in some way. Horror stories in this arena are endless. The wrong people-including the US Treasury could end up inheriting your nest egg. Tax regulations covering retirement accounts – and how your funds are passed to beneficiaries – are some of the most complex in the ever-changing tax code. The money you worked so hard for – and feel good that you will be leaving to your loved ones – could be in significant jeopardy. Remember, taxes on IRAs or other retirement accounts could be in excess of 80%.

        You absolutely need to do all you can to avoid excessive taxation – and we have the resources, and solutions to help you

        Let’s work to schedule an appointment to review your current situation. Together, we will do an audit of your beneficiary forms, retirement accounts, life insurance, and custodial agreements to help make sure you’re not overlooking something important, or missing out on your share on the three of the biggest breaks in the tax code.

       I understand that you may say to yourself, “I already have an advisor who says everything’s OK,” or “I’ve that taken care of that.”  But frequently we find this is simply not the case. 

Many clients believe they have an adequate life plan only to find out that what may be their largest asset – their retirement account – is exposed to 70% or 80% or more in taxation, and often ends up where it was not intended.
Don't let this happen to you. Call us for a free, no obligation discovery session.