How to keep retirement plan dollars away from IRS iStock/Thinkstock

How to keep retirement plan dollars away from IRS

The money going into the plan is immediately 100 percent tax deductible and your earnings are tax deferred until you take the money out You can get nailed for State estate tax on much smaller estates (than for Federal estate tax) and most states have a top tax rate of 16% Truly, a Private Retirement Plan is the best tax-advantaged retirement plan I have ever seen

For most Americans, retirement planning revolves around qualified plans (for example, IRA, 401(k), a profit-sharing plan and the like). It's a fact, mention retirement to any group — no matter how young or old — and the knee jerk reaction is almost always the same: stuff as much as you can into your qualified retirement plans. Actually good advice! Why?

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TAGS: Taxes
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