• Strategies, Insights and Resources for Tax-Free Retirement Planning

Grateful to be Speaking at MDRT in 2014

October 1, 2013
I was grateful today to have gotten accepted as a Focus Speaker at the world-wide annual meeting of the Million Dollar Round Table to be held in June next year in Toronto, Canada.  My session will be entitled the "The Power of...

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EIA vs. IUL: Why the big cap differences? (Plus a Sales Idea)

July 23, 2013
EIA vs. IUL: Why the big cap differences? (Plus a Sales Idea)Bob Ritter does a nice job of explaining the reason for the big differences in the caps between Equity Indexed Annuities and Equity Indexed Universal Life.  He also...

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How to Explain the Expenses of a Life Insurance Policy

July 17, 2013
When discussing the expenses within a life insurance policy it's critical that you use language and visuals that help put the expenses in their long-term context. In column #7 in this illustration, Hartford Life lists the expenses as a...

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Problems with Suze Orman, Dave Ramsey, or Clark Howard?

June 11, 2013
Problems with Suze Orman, Dave Ramsey, or Clark Howard?Bob Ritter is the founder of Insmark and has been a mentor of mine for over 10 years.  His latest blog entry tackles the likes of Suze Orman, Dave Ramsey, and Clark Howard when...

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Another way to get money out of a 401(k) pre-59 1/2. Hint: It’s not a 72(t)

June 3, 2013
There is a little known provision in the IRS tax code called the "Rule of 55" that allows clients who have a 401(k) plan with an old employer to take distributions in any amount prior to 59 1/2 without penalty.  Here's the...

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What you need to know about Non-Deductible IRA’s

May 21, 2013
What you need to know about Non-Deductible IRA'sThis article talks about some things you may not have known about a Non-Deductible IRA.  Of special note is the need to file a special IRS form if you're not planning on taking...

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http://www.huffingtonpost.com/ike-ikokwu/whats-a-lirp-and-why-you-_b_3084702.html

May 2, 2013
http://www.huffingtonpost.com/ike-ikokwu/whats-a-lirp-and-why-you-_b_3084702.htmlHere's another great article on the LIRP that appeared on the Huffington Post website a few weeks back.  It would be a great addition to your arsenal.  More and more companies, by the way, are warming up to the idea of the...

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Follow me on Twitter

April 27, 2013

You can now follow me on Twitter at the handle @taxfreeplanning

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Another Expert Speaks Out on the Need for Higher Taxes

April 22, 2013
Another Expert Speaks Out on the Need for Higher TaxesI speak frequently about David Walker, but there's another expert of whom you should also be aware.  It's economist Lawrence Kolitlikoff.   He's a professor at Boston University and author of The Clash of...

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Who Owns America? Hint: It’s Not China

April 16, 2013
Who Owns America? Hint: It's Not ChinaWhen I ask my clients what percentage of the national debt is owed to China, they almost overwhelmingly respond, "Almost all of it!"  What's the truth?  Of our nearly $17 Trillion of...

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My Favorite Life Insurance Power Phrase

April 7, 2013
I use this phrase with anyone who is skeptical of using life insurance as an accumulation tool:"You don't have to love life insurance companies.  You just have to like them a little bit more than you like the IRS."It's interesting...

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The Latest in Congress’s Attempts to Tax the “Inside Build-Up” of Life Insurance

April 7, 2013
The Latest in Congress's Attempts to Tax the "Inside Build-Up" of Life InsuranceThis article is a must read if you are planning on selling any life insurance in the next 12 months.  It gives a real time look at potential...

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A Debt Ceiling Parody

March 20, 2013
https://www.youtube.com/watch?v=Li0no7O9zmE

A concise explanation of how we got into this financial mess (and our country's plan for getting out of it).

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Can You Convert Your 401(k) to a Roth 401(k)?

March 15, 2013
Can You Convert Your 401(k) to a Roth 401(k)?This article discusses the changes to regulations surrounding the conversions of 401(k)'s to Roth 401(k)'s as a result of the recent fiscal cliff deal.  In summary, as of 2010, you could only...

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US Debt Visualized in $100 Bills

January 24, 2013
http://www.youtube.com/watch?v=iTBODoBaCns

This 2 minute video will take your breath away. It could be a great conversation starter for any of your clients who are skeptical about where tax rates are headed.

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EIUL: The Rest of the Story

January 14, 2013
EIUL: The Rest of the Story This is an article I wrote in July of 2011 that explores the expenses within an Equity Indexed Universal Life Policy.  When our clients google the EIUL, they sometimes come back to our office complaining...

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Everything You Need to Know About the New Tax Rates

January 10, 2013
Everything You Need to Know About the New Tax RatesIn this Forbes article, we can see that very few changes were made in the Federal income tax rates as a result of the cliff deal.  Single filers who make over...

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How the Fiscal Cliff May Impact 401(k) Contributions

December 30, 2012
How the Fiscal Cliff May Impact 401(k) ContributionsThis article discusses possible changes to 401(k) contribution limits should our country go over the fiscal cliff.  In short, employees might only be allowed to contribute the lesser of $20,000 or 20% of...

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42% Tax Rates if You Make $55K in Greece

December 14, 2012
42% Tax Rates if You Make $55K in GreeceCurrently, if you make the equivalent of $55,000 in Greece, your marginal tax rate is 42%.  For clients who think that tax rates on "middle" income earners could never go that high...

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USA debt per capita vs. Greece

December 11, 2012
Here's a sobering thought.  The average debt per capita in Greece is around $32,000.  The average debt per capita in the U.S.?  $51,000.  If you add in the unfunded liabilities of the U.S. Government (what we're required to pay by...

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I.O.U.S.A (Sponsored by the Peter Peterson Foundation)

December 3, 2012
http://vimeo.com/15696985 The first 25 minutes of this video offers the most concise an articulate explanation of our country's fiscal straits I've seen to date. Take a moment to watch it and then ask yourself, "What am I doing to prepare...

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What is the Fiscal Cliff?

November 8, 2012
[caption id="attachment_79" align="alignnone" width="155"] This is a good graphic that illustrates the impending fiscal cliff facing our country come January 1st, 2013. The combination of spending cuts and tax increases promises to throw the economy into a tailspin unless legislation is enacted in the interim. Remember, the fiscal cliff in January is not to be confused with the larger issue of entitlement reform that will come to a head in 2020.[/caption]

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Post-Election Food for Thought

November 7, 2012
Regardless of your political affiliation, the results of last night’s election have implications for the tax-free planners.  Remember, David Walker and others have suggested that unless a “Grand Bargain” is struck next year, the solutions required to solve our nation’s...

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David Walker Endorses Mitt Romney

November 2, 2012
David Walker Endorses Mitt RomneyWhen I talked to David Walker on the phone last Thursday regarding my upcoming book "The Virtues of the 0% Tax Bracket", I asked him if he was planning on endorsing someone for President.  He responded...

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20 Questions for the Presidential Debate

October 15, 2012
20 Questions for the Presidential DebateDavid Walker composed a list of 20 questions he hopes will be asked during the townhall style presidential debate tomorrow evening.  These questions appeal directly to the desperate circumstances in which we now find ourselves.  Again, the main thrust of...

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http://www.realclearpolitics.com/articles/2012/10/10/david_walker_for_president_115731.html

October 11, 2012
http://www.realclearpolitics.com/articles/2012/10/10/david_walker_for_president_115731.htmlDavid Walker is wrapping up his "10 Million a Minute" Tour today at the National Press Club.  This article gives a brief resume on David Walker and makes the case that he is one of the few public figures that...

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Converting a Nondeductible IRA

October 5, 2012
Converting a Nondeductible IRAFor high income earners that don't qualify for a Roth IRA, a nondeductible IRA followed by a Roth conversion is a great back door approach.  There are, however, some caveats to this strategy.  This article talks about...

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Meet Laurence Kotlikoff

September 24, 2012
Meet Laurence KotlikoffMost of you, by now, have heard of David Walker.  He's been sounding the warning cry about our country's fiscal irresponsibility for years.  I'd now like to introduce you to Laurence Kotlikoff.  He's a professor at Boston University and for...

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David Walker Speaks

September 18, 2012
[caption id="attachment_52" align="alignnone" width="300"] David Walker speaking before a group in Waukesha, WI as part of the "Million a Minute" Tour[/caption]

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Meeting David Walker

September 18, 2012
As most of you know, I quote David Walker in every workshop and nearly every sales meeting I hold.  In fact, David Walker occupies a very prominent role in the first chapter of my upcoming book, "The Virtues of the...

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It’s Time to Get Serious

September 17, 2012
In this article, David Walker reveals the most up-to-date numbers regarding our country's ever-worsening debt crisis.  The numbers are much more startling than you may have imagined.On a side note, David Walker will be speaking in Waukesha, WI tomorrow (Monday)...

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France Plans to Up Taxes to 75%

September 13, 2012
http://www.foxnews.com/world/2012/09/12/france-plans-to-up-tax-on-rich/?test=latestnews I've posted in the past about the prospect of 75% taxes in France.  Looks like it's going to be a reality.  Remember, it wasn't too long ago that we had this level of taxation in our own country.  These are...

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The Virtues of the 0% Tax Bracket (book update)

September 10, 2012
For those of you anxiously awaiting the publishing of my new book "The Virtues of the 0% Tax Bracket", I thought it high time I give you an update.  The first draft is done and I am now working my...

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Wake Up Call

August 29, 2012
http://www.youtube.com/watch?v=D6Q14HOBThM

This is the video that introduced me to David Walker back in 2008. David Walker provides good third party intellectual heft as we make the case to our clients about the looming threat of higher taxes.

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Higher Taxes Loom for 401(k) Savers

August 17, 2012
Higher Taxes Loom for 401(k) SaversHere's an interesting article from the Wall Street Journal.  The most useful quote in the entire article is one that supports and upholds the tax-free planning approach that we advocate:  "These days, an increase in...

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Why Your Taxes Could Double

August 8, 2012

Why Your Taxes Could Double

Former Comptroller General David Walker makes an interesting case for why taxes have to double in order to keep our country solvent.

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75% Marginal Tax Rates in France?

August 8, 2012

75% Marginal Tax Rates in France?

75% marginal tax rates could be coming to France.  Is the US next?

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The Virtues of the Zero Percent Tax Bracket

June 29, 2012
The Virtues of the Zero Percent Tax BracketThis is an article I wrote for the August, 2010 Issue of Life Insurance Selling Magazine that talks about the importance of accumulating just the right amount of money in each bucket in...

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What’s a L.I.R.P?

June 29, 2012

What's a L.I.R.P?

This is my latest article from the June issue of Life Insurance Selling Magazine.  This is a good primer for any one looking for information on a Life Insurance Retirement Plan.

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