Bergers Book Reviews

Tax-Free Retirement

taxfree
Author: Patrick Kelly
Publisher: Strategic Financial Concepts
Genre: Personal Finance
ISBN: 142511082-7
Pages: 176
Price: $19.95

Author’s website
Buy it at Amazon

Retirement is a long way off, and you’ve planned carefully. You maximize IRA contributions and take advantage of your company’s 401(k). But have you ever given any thought to the amount of tax you may be paying when you finally retire?

One of the benefits we’re sold on in tax-deferred plans is the idea we’ll be in a lower tax bracket when we retire. But the author suggests just the opposite may be true. As the US national debt continues to rise, taxes may be on the upswing instead.

So how can we be sure the assets we’ve accumulated won’t be taxed heavily by Uncle Sam? That’s what Tax-Free Retirement will show you. By investing in a specific life insurance product, you can maximize your funds in a tax-free manner.

I have to admit, I didn’t know where the author was going with this, but when he mentioned he was an insurance salesman, I had an idea he might be endorsing an insurance product. So I read this book with a degree of skepticism. But I was pleasantly surprised to find that this concept is not recommended for everyone. Certain people with certain levels of income will benefit the most, and the author suggests this strategy won’t be beneficial at all to others.

As with all major financial decisions, research this plan carefully and don’t take any risks you can’t afford to lose on. But if the information in this book is utilized properly, you may find your key to a tax-free retirement in its pages.

Reviewer: Alice Berger

June 10, 2009 - Posted by | finance

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