Most Americans face
the real possibility of out-living their money. Even dutiful savers cannot
presume that their nest egg will support their lifestyle throughout a long and
active retirement. Are you one of those Americans? Unless you have a
comprehensive distribution plan in place, you probably are!
Tax season is near and many people don’t realize that they
must take steps to “disinherit” Uncle Sam. What’s the point of working your
whole life, reaping high rates of return (hopefully) and accumulating a sizeable
balance if you’re just going to hand it over to the IRS?
How did we get into this mess? When you think about it, it’s
very easy to out-live your money by something as simple as spending too freely,
especially early in retirement. Excessive withdrawals tend to happen partly due
to the fact that we didn’t expect to live as long as we do!
Finally, a great
danger to a retirement plan is the unforeseen, economic and political elements
that can sabotage even the best-laid plans. The unforeseen can also include
what are termed Black Swan event trends that are impossible to predict yet have
profound and lasting effects on world economies.
The statistics can be grim but if you are reading this, the
good news is there is still time to preserve, protect and defend yourself
against market downfalls and other negative elements. Your retirement
distribution specialist at America’s Tax Solutions™ can help you protect your
nest egg and discuss strategies that can help you create a stream of income
that you cannot outlive.
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