Guarantee an Increased Retirement Income and Safely Reduce Taxes!
Dr. Harold Wong: Guarantee an Increased Retirement Income and Safely Reduce Taxes!
These are the two goals that are crucial to the future of both Baby Boomers and Seniors. At the 9/12/09 NSA/AZ meeting, AZ Republic financial columnist will introduce two major concepts:
1. Guaranteed Cash Flow Retirement Accounts
- Receive Triple CD rates when you retire (annual payout is normally 11-13% of amount deposited after 10 years)
- Income is paid for the rest of your life, no matter how long you live
- Guaranteed against loss of principal by major financial institutions and backed by the State of AZ Guaranty Fund
- For every year you delay taking distributions, your lifetime income increases by 5-8% per year (modeled after the Social Security formula when one delays taking benefits after age 62)
- If you die, any principal left is available for your spouse and/or kids
- You no longer have to be a government employee to qualify for these accounts.
2. Roth IRA Conversion
- Convert your current retirement accounts (traditional IRA, 401(k), 403(b)) to a Roth IRA and all earnings are tax-free for life
- Tax-free means for your life, the life of your spouse, and potentially the life of your kids
- Double the amount in your IRA so that you and your spouse will have extra funds for any emergency (medical, kids and grandkids’ needs, or just those dream items on your “bucket list”)
- In 2010, there’s a once-in-lifetime opportunity to do a Roth IRA conversion that has been prohibited for families with combined incomes over $100,000. If you miss 2010, you may never be able to do a Roth IRA conversion.
Please contact Dr. Harold Wong and NSA members receive a free 1-hour consultation.
(480) 706-0177
Haroldwong1@yahoo.com
www.drharoldwong.com
