Maximum Wealth

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Are you Financially Intelligent?

Essential Tips for Retirement

What is the difference in Tax Deferred and Tax Free? Tax Deferred means you don't have to pay taxes YET! But you will. You will pay more in taxes when you take the money out at retirement than you ever "saved" or deferred when you put it in. When you take the money out of your IRA or 401K at retirement you not only pay the tax on your principal, but you also have to pay the tax on all of your earnings and interest that accumulated during your working years. This is a great d...eal for the government and a bad deal for you ! Your building a financial house and giving half of it to the government when you retire just because they let you wait to pay the taxes! Why do we do this? Why don't we pay the tax on the money we receive and place it into a (always better) Tax Free account and never have to give Uncle Sam any portion of our earnings. . . Ever! That is freedom, plain and simple! Tax Free eliminates the burden of losing 50% or more of our money to a tax bill that will continue to increase as we get older. Remember, you always spend more money on vacation and you'll always spend more money at retirement regardless of what the financial pundits say!