Question or Topic 

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The Question:  What methods are there to reduce the income tax when my retirement funds are withdrawn?

Objectives

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The Answer

Time after time I have discussions with my clients about the income taxes owed on withdrawn funds.  When the funds are needed, usually all of them are needed and to pay tax on the drawing makes it difficult for most retired individuals or other individuals to make the payments on the bills, living expenses, taxes and in some cases early withdrawal penalties charged by the IRS.

If you have ever experienced or known someone who has experienced the "tax attack" on retirement withdrawal you will understand the plight.

I have found that if you will let me explain to you the advantages of the Roth IRA, you may find a shield to fend off the tax attack.

I have included on my web site and my IRA computer CD several documents to explain to you the advantages of the Roth IRA.  You and I should discuss the advantages and you will be able to use me for both your tax adviser and your financial adviser.  In an oversimplified statement (if you meet the qualifications) -

You will never owe income tax on the drawing from a Roth IRA

Solutions

Solutions are dependent upon facts & circumstances, law and the objectives.  These elements vary from one time to another, from one circumstance to another and from person or entity to another.

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