Live Your Life Deliberately
I’m in a really nice restaurant with a good friend that I haven’t seen in ages. I’ve already started a tab for my drink, placed my napkin on my lap and am buttering a piece of the warm, homemade bread. We’re settling into a nice conversation when the waiter arrives with the menus. I’ve never been here before, and I’m starving and looking forward to a nice meal.
WHAT? I open the menu to find that there are two choices on the menu – one is outrageously financially expensive and doesn’t sound appetizing at all. Ah, but what’s this second item? Looks like my favorite, and it is what I was expecting to pay. Unfortunately, the waiter comes back to fill my water glass, tells me they are sold out and that I would have had to be here at 4 p.m. for the early bird special to order my favorite choice. We look at each other, and begrudgingly ask for the only option on the menu.
How would you feel after wards? Would you return for more? Would you recommend it to a friend? Of course not! However, day in and day out, we see people give up choice and control over something much more important than a crummy meal at a restaurant. We see people getting backed into a corner with regard to their money, financial assets, their retirements and their lifestyles on a regular basis. What is so unusual is they don’t like it, but they put up with it. They keep going back to that restaurant. Ask your self why do you continue to go back for more?
Are you willing to take a step in the right direction? Start Today Schedule your Guided Retirement Solution (GPS) Interview Today!
Why do people let the government dictate how their financial assets will be taxed, distributed, taken away, or even divvied up upon their deaths? Perhaps they don’t care, but more than likely, they don’t know that there are other options. They follow the common logic of what they have learned. Sometimes they choose the default…and take no financial action at all which is the worst option. Many of us live a life of fear associated with change or making financial decisions. I encourage you to take some action sit down take your time and learn about your options.
One example that comes to mind is what people will do to avoid taxation. Do you know anyone over 70-1/2 or are you yourself that magic age? Many people in this age bracket will live like paupers, yet have hundreds of thousands in their IRAs. They don’t want to touch it because they will have to pay taxes on the money as it is withdrawn. They've already ordered their meals, yet they are hoping that if they don’t eat it, they won’t have to pay the bill on the way out.
If only they would tell the young couple that is walking in as they are walking out to run like hell. There is another restaurant down the street where things are much different. Only one problem…the first couple doesn’t know it exists. Another way to think about this is most of us have been taught that we will be in a lower tax bracket at retirement and we should Defer the Tax on our retirement accounts, right! Lets think about this a minute? I have a Million Dollar Retirement check for you… Not bad so far… right! okay the catch is… if you accept the Check – I will tell you at a future date what the interest will be when I need it your Million Dollar retirement check. How does that sound? If you have any brains about you at all you wouldn't take the check right… But why do we do this with our other financial accounts, I will Defer my Tax to a later date, I prefer to use Postpone vs defer and at that time UNCLE SAM WILL DETERMINE the TAX rate on those moneys?
- It is Possible to Financially take control over your financial life
- It is Possible to Pay less in Tax on your retirement accounts.
- It is Possible to keep your social Security from being Taxed.
- It is possible to financially protect what you have.
- It is Possible to have a income steam you can’t out live.
- It is possible financially to create tax-free income that doesn't put age restriction on your money and doesn't tell you how much you can save.
- It is financially possible to help you take care of your family and yourself at the same time.
- It is financially possible for an inheritance to make your children better, not worse, because of it.
- It is possible to not rely on others for credit, and to become your own bank.
- It is possible to take control of how your financial assets are distributed upon your death.
- It is possible to make sure that your family never has to make really hard decisions because you chose not to.
By now you should be getting the idea, however, none of these financial things happen by accident. Creating Something Amazing Doesn’t happen on its own! One must take action take the time, enter your information and schedule a 40 Minute (GPS) interview Guided Planning Solution. Remember the cost of not doing any thing is more expensive than taking 40 minutes of your time to invest into your future.
One must live life, financially deliberate! Take Action Today!