Many people transfer their money into 401k, IRA, SEP, or SIMPLE retirement accounts thinking that they are saving taxes. Indeed qualified retirement plans can be a viable tool for retirement planning and can avoid taxes in some cases. Qualified plans however can also lead to financial ruin if they are not fully understood. Two factors that could destroy your clients wealth are increases in their tax bracket to maintain the lifestyle they expect and the Government’s ability to change the rules at any time.
As a financial advisor you may know that what a client is doing with their money may, or may not be the best thing for them. However, your client still believes their strategy to be the best strategy. The manner in which you handle this dilemma will play a major role in determining whether or not your client will actually do business with you.
Disarm your clients with this question: "If What You Thought to Be True About Qualified Plans Turned Out Not To Be True, When Would You Want To Know?" Then "prove" the answer to them with our Qualified Plan module.
Key Features:
Show how Pre-Tax dollars that grow Tax Deferred and come out Taxable (Traditional IRA) gives you the Exact Same Net Return as Taxed dollars that grow and come out Tax Free (Roth IRA), assuming the same rates of return and tax brackets - The Truth About Roth IRA's
Show the Effects of Increasing Tax Due to Lifestyle Growth That Most People Experience As They Go Through Life's Journey
Show 100 years of Tax History and How Often The Government Has Changed The Rules
Quickly Determine The Exact Dollar Amount where Contributions Become Inefficient In Qualified Plans
See What Effect a Company Match Has On 401k Type Qualified Plans
