A recent study by the investment company institute suggest Americans now own almost 38 trillion dollars in retirement plans a four-fold increase since 2000. While the growth of retirement programs is remarkable, it puts many of us in business with the government as the largest beneficiary of our life’s work.
It takes a specific strategy to navigate taking income from a qualified plan. Tax law is filled with traps that may cause you to pay multiple times on the same ordinary income stream. We are also forced to take money out of our qualified plans by the IRS, so it is a 100% certainty you will face this challenge with time. What is your current strategy?
Cantrill Financial Group’s (CFG) advisors are experts at minimizing taxes from a retirement income plan. With tax rates at historic lows there has never been a better time to take advantage of the opportunities and fire Uncle Sam as your lifetime business partner.