New Retirement Briefing Educates About Retirement Income Tax Traps And Wealth Preservation Mistakes

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Retirement planning and tax reduction authorities, Barry H Spencer and Scott Noble will be the featured financial and estate planning educators at a new retirement briefing informing retirees and soon-to-be-retirees about how to pay less tax and create more retirement income.

Special Briefing

Rich DeVos, Co-Founder of Amway, on Forbes-500 List, Owner of NBA Orlando Magic says: “I CAN HIGHLY RECOMMEND BARRY SPENCER’S BOOK: 'The Secret of Wealth With No Regrets.' Too few wealthy people ask the bigger questions…”

The 10,000 Americans reaching retirement age every day are facing stiff challenges to retire and stay retired. Today, there are over 44 million Americans over age 65.

In 1900, there were only a little over 3 million Americans over age 65. People were not living as long and mostly working until they physically could no longer work. Today, the Census Bureau shows that 1 out of every 8 Americans is over age 65, numbering 44 million strong and increasing.

By 2030, 1 out of every 5 Americans will have celebrated their 65th birthday, with 10,000 Baby Boomers turning 65 every single day. Retired workers receiving Social Security benefits has more than tripled since 1970, from 13.3 million in 1970 to over 39 million in 2014.

Retirement is being talked about a lot today because it is an epidemic affecting an overwhelming number of people. Because retirees are entering uncharted territory, they are facing significant challenges and obstacles to enjoying the reward for a lifetime of hard work and sacrifice.

The most profound retirement challenges facing retirees and soon-to-be-retirees is the subject of a new seminar briefing being held in Alpharetta at the Marriott Hotel. It is designed to educate and inform about the retirement tax traps that many will easily fall into and the major mistakes many retirees have made that can cost them their comfortable retirement lifestyle.

The fast-paced 87-minute presentation examines the impact on retirement of 7 major retirement fears and concerns including: living too long; running out of money; increasing tax burden; growing cost of living; expanding deficit; rising health care costs; and not passing on family values along with money.

One hundred years ago, the average American died at 51 years old. Today, the average American retires at age 62 and could live well past 90. In fact, the fastest growing segment of the U.S. population is those aged 100 and over.

Many retirees are facing up to the challenge of being 75 years old, in great health, full of life and potentially running out of money. AARP reported that 2 out of 3 older Americans fear running out of money more than death.

The fear of running out of money is not unfounded no matter how little or how much retirement money people have accumulated. Most retirees are not getting answers that put their fears and concerns to rest.

A recent CBSMarketWatch article, Our Next Big Crisis Will Be The Retirement Crisis, estimates that 1 out of 2 retirees are at risk of not being able to maintain their standard of living in retirement.

Living longer compounds the problem for retirees and their family. The Wall Street Journal article, Are You Ready For A Long Retirement, estimates that only 1 out of 3 retirees are financially prepared to live into their 90’s.

Spencer and Noble in their new briefing dispel fact from fiction about the hype of retirement fears and concerns. The fact remains for many of today’s retirees, they will have to fund a lifestyle in retirement for almost as many years as they worked.

In addition, running afoul of IRS retirement account rules can cost a bundle.

The Wall Street Journal reported that, “Uncle Sam is about to get a lot tougher on individual retirement account mistakes, and that could trip up investors who aren’t careful.” The IRA levied over half a billion dollars in fines in just a two year period for missed withdrawals and contributions that break the rules.

This new retirement briefing is designed to be both informative and entertaining, using stories of famous and not-so-famous people to illustrate the possible retirement and estate planning mistakes that have cost retirees thousands of dollars. It further outlines practical next steps people can take to protect their retirement wealth, including: three methods to increase a retirement “paycheck” and create an income that can’t be outlived; accessing tax deductions used by the ultra-wealthy that are available to most people now; simple steps to reduce taxes on IRA and other retirement money; how to legally bypass capital gains taxes on stocks, bonds and real estate assets; and the one thing everyone must do before taking social security benefits.

The latest information about their next retirement briefing designed for individuals with retirement accounts, business owners, executives, professionals, and millionaire retirees can be found at

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Barry Spencer
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