Retire Secure! - 9780990358831

In the new edition of Retire Secure! CPA and attorney James Lange supplements his proven methods for making the most of your retirement plans with updated information, analysis and examples as well as offers recommendations for new tax-saving strategies for retirees and older Americans. Always a strong proponent of contributing as much as you can to all the tax- deferred retirement plans available to you, Jim makes a convincing case for adding a slight modification to his pay taxes later adage - pay taxes later, except for the Roth. On the accumulation side of the equation, when individuals are working to save moneyfor retirement, he delves into great detail on the differences between traditional andRothretirement planoptions.

When it comes time to tap into your retirement savings, Jim revisits determiningthe appropriate spending order for the different classes of retirement assets, IRSminimum distribution rules, and annuities – all with updated information. Jim also discussesproposed legislative changes that, if enacted, will greatly affect the income ofretirees. He does all of this while being sure to address the challenges that retirees face whenmapping out their estate plan - choosing beneficiaries, reducing federal estate taxes, andleaving legacies for both family andcharities. Never one to shy away from looking at both sides of any decision, Jim analyzes the meritsofhis recommendations and each chapter offers case studies based on hisaccumulated experience and rigorous analysis.Retire Secure! offers everyone a better chanceat accumulating money for retirement, but perhaps more significantly, it offers strategiesfor making your retirement money last throughout your life and your spouse’s life. The icingon the cake is how to prudently pass on your money to your heirs and charities or, if youprefer, keep it out of the hands ofothers. Tackling these topics in three parts, Accumulation, Distribution, and Estate Planning,Retire Secure!delivers the most sophisticated financial and legal advice in the most accessible of manners. Jim makes it possible for the reader to gain a unique understanding of these stages and plan for them.