Friday, September 3, 2010

Does Size Really Matter?

January 20, 2010 by Bryan McDonald  
Filed under Articles, Featured, Uncategorized

“Discovery consists in seeing what everybody has seen and thinking what nobody has thought.” – Albert von Szent-Gyorgyi

What you see is not always what you get. That’s why size really doesn’t matter when it comes to your retirement income. The video in this post goes into an explanation and below I add a little more in a quick synopsis:

Please enable Javascript and Flash to view this Viddler video.

Many traditional strategies focus on having the biggest “pile” of money at retirement age and size doesn’t matter when:

  • You don’t have access to your funds until retirement age, somewhere around 59, or you are hit with penalties
  • Your tax bracket is higher compared to when you were working becasue distribution is taxed as real income and you have far less tax deductions in retirement
  • You have a pile that will disappear when you exhaust it and don’t have the ability to “bankroll itself”
  • You think you have enough to give something to your heirs when you pass….until the “tax man” comes in and takes a majority

So, begin to take a look at the way you structure your retirement in a different way. See what other’s have seen and think what most have not thought. When we “follow the crowd” most of the time it really is just the easiest thing to do or, understand at that. What has happened in our economy in the past few years has made all of us take a step back, so we can now think “outside the box” for solutions to what we all now want:

A Happy, Healthy, Prosperous and Fulfilling Life in Retirement

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