Tax Free Retirement Options
When you retire your money is most likely in one of two categories -- taxable and tax-free.
We would like to give you a copy of Patrick Kelly' national best-selling book, "Tax-Free Retirement." It clearly explains how this strategy works and we can work with you to apply it to your specific situation.
There are two different sources of retirement income:
Taxable
When money is paid into this category, taxes are not paid on the deposit. But when distributions are taken both the contributions and the gains are taxed at whatever the income tax rate at that time is.
Taxable Items:
- Capital Gains: Stocks, Mutual Funds, Investment Real Estate, Sale of a Business, etc.
- Income Tax: Any income you continue to earn (1099 interest), Social Security, IRAs, 401(k)s and other "tax-qualified" retirement plans.
Tax-Free
When money is paid into this category, taxes are paid on the deposit. So when distributions are taken both the contributions and the gains are not taxed.
Tax-Free Items:
- Municipal Bonds
- Roth IRA
- Certain Types of Life Insurance
We offer copies of "Tax Free Retirement" to all our clients during consultations.
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