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Barry H Spencer and Scott M Noble two
Planning for retirement is now the focus of the largest and most influential generation in U.S. history. With one American turning 60 every 7 seconds – that’s more than 12,500 people every day according to the U.S. Census – the Baby Boomer generation in overwhelming numbers entering their retirement years.
By 2030, the 65-plus population will double to about 71.5 million and by 2050 it will grow to 86.7 million people.
This means the largest retirement population the country has every known. For retirees and those nearing retirement it means more questions being asked with fewer answers being found – leading to uncertainty.
Millionaire retirees are experiencing even greater confusion because what once seemed so simple – their life, paycheck and future – is now more complex.
As this generation searches for answers there is a growing recognition of few adequate answers being found.
“A big problem for retirees looking for answers is that the answers are being masked by a financial industry that speaks in ‘financial lingo’, a foreign language really. To create more retirement income and enjoyment, retirees need clear simple answers to their real-world questions” says
Adding to the complex picture of preparing for and entering retirement is the growing complexity and burden of the tax law that now includes over 37 tax brackets. For instance, the top ten percent of income earners now bear 42% more of the federal income tax being paid.
Additionally, rising healthcare costs, and longer lifestyle needs have taken the fear of outliving their money in retirement to an all time high.
Spencer’s survey revealed that not only financial but personal questions are going unanswered leading to incomplete planning or unexecuted wealth plans which creates more uncertainty.
Even when wealth planning and estate planning has been done most are left wondering if they have done all they can to preserve and protect the hard-earned wealth created.
In his book, "The Secret of Wealth With No Regrets", Spencer provides his unique and unfortunate experience with a wealth plan that didn't work out as his father had conceived in his mind. It's a real-world perspective on protecting and preserving assets.
Combining the personal wealth lessons described in Spencer's latest book to the research he and Noble have conducted, plus their personal wealth experiences, and their work with millionaire retirees and future retirees they have designed a special briefing that reveals the five most overlooked tax saving and income generating retirement strategies.
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On a personal note, Scott is passionate about retirement and wealth planning because of his personal experience of achieving a financial windfall which he then received incomplete advice on preserving and protecting it thereby losing most of the wealth he had created.
Read the full story at http://www.prweb.com/releases/2014taxsavingsretirement/estateincometaxfinancial/prweb11476384.htm
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