"How Much Money Do I Need to Retire" Tax Tip Article Published by LegaLees’ Attorney Lee R. Phillips

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“How Much Money Do I Need to Retire?” is title of newly released article by Attorney Lee Phillips. In the article Mr. Phillips reviews an idea relating to taxes that many people are probably missing.

Lee R. Phillips

Lee R. Phillips

"How much money do I need to retire” is one of the most common questions I’m asked. It’s a question there isn’t an answer for, because there are so many variables.

LegaLees announces a new article titled, “How Much Money Do I Need to Retire,” to help people understand new and different retirement savings options available to them. Unfortunately, since the down turn in 2009 many Americans have had to decrease their savings or have been unable to save for retirement at all. Even large company retirement plans have been stretched because of the market downturn.

Many people confess that there is no possible way they can retire as they have not saved enough for retirement. With the drop in value of homes and the low interest rates being paid on savings accounts, people have been hurt. Many of the folks confess that they don’t even have enough savings for a $2000 emergency.

Lee Phillips observes, “How much money do I need to retire” is one of the most common questions I’m asked. It’s a question there isn’t an answer for, because there are so many variables. The quick answer to the “how much money do I need to retire” questions is easy – as much as you can get. The truth is, whether you are an employee of a large company or self-employed, fewer Americans than ever feel they have enough to retire.”

Mr. Phillips also noted, “Many people don’t save for retirement because they can’t come up with any extra money. I have written this article to help people understand new retirement account savings ideas. The biggest expense middle income Americans have is usually taxes. If folks could just save some of those taxes and put the money saved toward retirement, they might actually build up some retirement money and smile when they are asked the ‘how much money do I need to retire’ question.”

LegaLees has developed a set of ten tax tips that are practical ideas that people can use to cut their tax bill. If someone can cut their tax bill, and have enough discipline to consider that “new-found money,” and use it towards retirement savings, it is definitely one of the most flexible retirement funding tools available.

Mr. Phillips serves as a counselor to the Supreme Court of the United States. He is the author of 11 books, along with his latest book Protecting Your Financial Future. He has written hundreds of articles for professional people assisting them in finding various strategies to use the law to protect their property, save taxes and make additional money. He has given addresses at thousands of business seminars. He enjoys helping people apply the law, not only to provide asset protection and estate planning, but to use it to structure businesses and save taxes, helping individuals achieve success.

LegaLees was founded in 1982 by Lee R. Phillips. It is a legal self-help publishing company. It produces products designed to help people understand the law. Based on his own personal experiences, Mr. Phillips realized that people needed to be able to understand how the law works so they can direct their own legal professionals. He also saw that people who want to do their own legal work need to be shown how, not just handed a fill-in-the blank form. LegaLees has designed many products to help individuals structure their personal and business affairs. All of the products help the clients protect assets and prevent legal disasters that can strike at any time.

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