Retirement Nest Egg Tax Traps Revealed In A Special Briefing

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Retirement and tax reduction planning specialists, Barry H Spencer and Scott Noble will be the featured financial and philanthropic planning educators at a new retirement briefing updated for 2016 informing retirees and soon-to-be-retirees about how to protect their nest egg from increasing taxes and create more predictable retirement income.

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1 out of 2 retirees are at risk of not being able to maintain their standard of living in retirement.

Retirement challenges are at an all time high as 10,000 Americans reach retirement age every day facing challenges unlike any previous generations.

In a new special briefing by the creators, of Wealth With No Regrets®, Barry H Spencer and Scott Noble describe these new challenges and why today’s retirees should pay attention.

They talk about how the previous generation reached retirement with a pension and Social Security benefits that met the majority of their living needs for as long as they lived.

Additionally, the previous generation wasn’t living as long in retirement, maybe only ten to fifteen years, and many worked until they physically could no longer work.

Today, there are over 44 million Americans over age 65, which according to the Census Bureau is about 1 out of every 8 Americans.

Soon-to-be-retirees should pay attention because 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 have more than tripled since 1970, from 13.3 million in 1970 to over 39 million in 2014.

What the previous generation depended on to meet retirement income needs is no longer viable. Corporate pensions’ as we knew it are just about non-existent. And Social Security benefits are underfunded and even if you receive these benefits in retirement they are less than adequate for meeting even the most basic living expenses.

Spencer and Noble talk about the great need for this briefing because retirement is an epidemic affecting an overwhelming number of people. As a result retirees are entering uncharted territory 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 their new special briefing being held in Alpharetta at Ruth’s Chris Steakhouse. 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 77-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.

This is profoundly important for retirees as many find themselves 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, yet there are more millionaires than any previous generation.

Spencer and Noble’s extensive research and work among soon-to-be-retirees and retirees across the country worth a million and up to nearly a billion dollars, share the fear of running out of money. Regardless of net worth 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.

Spencer and Noble’s latest briefing on retirement addresses this concern with the purpose of dispelling fact from fiction about the hype around retirement fears and concerns.

The briefing also addresses tax traps on IRA and retirement money and how to access it for maximum lifetime and legacy benefit.

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 updated briefing for the start of 2016, designed for couples and individuals with retirement accounts, business owners, executives, professionals, and millionaire retirees can be found at

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