Go Tax Free

Discover 17 Ways to Go Tax Free and how they might benefit you. Learn about Roth IRAs, life insurance, retirement planning and more.

Learn Ways to Go Tax Free and how you may benefit

Taxes are the biggest cost we pay in the USA: more than food, shelter and clothing combined. With a Go Tax Free financial plan, you’ll be able to sleep at night knowing that you are making good decisions for your family.

Three reasons to go tax free

Tax-deferred is tax-compounded

First, tax-deferred is tax-compounded. If you put money into a tax-deferred IRA or 401k, and grow the money, you’ve grown your tax burden. Holding taxes constant, tax-deferred is tax-compounded. All things being equal, you might prefer to save a little money in a tax-free account.

As we age, we lose tax deductions

Second, as we age, we lose tax deductions. Think about it. Many income tax deductions help you raise kids (credits, dependents, exemptions, and more). But as we age, the kids move out. Even if they move back in, we can’t claim them as dependents forever (really). Another huge tax deduction is the home mortgage interest deduction. As we age, we pay off the mortgage (hopefully, usually, at least we used to) and that’s another major tax deduction that we lose as we age. Go Tax Free discusses ways to choose when and how much to pay in taxes.

Taxes are likely to increase and not decrease

Third, taxes are likely to increase and not decrease over our lifetimes. For reasons many of us know, and many politicians avoid, the Federal deficit is growing, year after year. To pay for the promises we’ve made, we may need to raise taxes. Indeed, the odds point that way.

Contact us to learn how to potentially save taxes today and tomorrow, and have more spendable money too. Kindle and hardback versions are available on Amazon.com

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