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4. Description : Have you planned on tax rates doubling during your retirement yearsIf not that could end up being your biggest mistakeDavid Walker was the Comptroller General of the United States for years under Clinton and Bush He said quotOur government has made a whole lot of promises that in the long run it cannot possibly keep without huge tax increasesquot There is enough data for a more than convincing argument that taxes are going up We already know the current tax code will expire in and in taxes are going higher Unfortunately getting into a lower tax bracket in retirement is not something that happens by mistake it takes proactive and strategic planningIf youre in your s or beyond your strategic planning approach is a lot different than if youre in your s s or early s simply because by this time your assets are primarily established If youre younger you can change where precisely your contributions are placed When youre older and have amassed wealth in different types of asset classes you have the challenge of moving those assets out of the places that are subject to taxation and strategically into buckets that are notWhat you will learn in this book Why the threat of increased taxation is no joke and how to protect yourself How Social Security and Medicare cannot survive without significant increases in taxes and decreases in benefits How the American taxpayer is responsible for paying private pension defaults and the impact that has on your financial future Why uncontrolled deficit spending by Congress can and will be detrimental to your retirement How to minimize overall risk in the stock market by using

5. different asset management strategies and insurance contracts Why Reverse Dollar Cost Averaging can play havoc on your retirement nest egg How a single Long Term Care need can bleed your retirement dry quickly And much much morequotEverything a politician promises at election time has to be paid for either by higher taxation or by borrowingquot Margaret ThatcherWe are at the beginning Although hardly discussed today in the coming years this subject will be a common Increased taxation is coming and your pockets will be lighter unless you prepare for this possibility I hope you learn a lot and enjoy the book

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