Savings2Income Suggests Increasing Personal Retirement Savings with Tax Deferral

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Jerry Golden, the developer of the Savings2Income planning method, describes in a new video a provision of the Internal Revenue Code which permits tax deferral on your Personal Retirement Savings.

On March 21, 2013, Jerry Golden, the developer of Savings2Income (S2I), releases a new video which describes a little understood provision of the Internal Revenue Code which permits tax deferral on your Personal Retirement Savings.

According to S2I’s informational video release, while most investors only consider their 401(k) or Rollover IRA as retirement savings, approximately 50% of the average investor’s financial assets are held outside of these retirement plans. It becomes even more important for investors to make smart investing decisions around these other assets and to defer taxes where possible.

Key points that Golden makes in the video are:

  •     Lower Fees
  •     Tax Control
  •     Purchase Guaranteed Income

Golden adds that Internal Revenue Section 817 (h) will serve as an important asset to future retirees concerned for their well-being. “While Revenue Section 817 (h) is not as well-known as, say, Section 401(k), it allows for the ideal account for those otherwise taxable savings needed to support an investor’s life style in retirement,” comments Golden. “That ideal account is a no load variable annuity offered by companies like Fidelity, TIAA-CREF and Vanguard.”

Golden says, “Controlling taxes is a vital step toward increasing retirement income, and there’s no reason to pay taxes on investment earnings - dividends, interest or capital gains - that you’re re-investing back into your personal retirement savings.”

When commenting on retirement, Golden adds that taxes will still play a part in a retiree’s financial planning. “Individuals should pay their fair share of taxes, but when it comes to personal retirement savings, taxes should be paid on what you spend, not on what you reinvest back into your savings,” adds Golden.

An innovative planning method that was created by Jerry Golden to benefit those recent retirees and those soon to retire called Savings2Income, seeks to provide a clear path to retirement security, and incorporates qualified savings, personal retirement savings and Social Security into an integrated solution.


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Chris Spring

John Mulqueen
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