Retire Secure!: Pay Taxes Later - The Key to Making Your Money Last

by James Lange

Retire Secure! tackles the number one fear facing most IRA and retirement plan running out of money too soon. Lange, a nationally recognized IRA expert, offers specific and practical strategies to successfully navigate the three stages of retirement accumulation, distribution, and estate planning. Retire Secure! explains the tax advantages and long term wealth building strategies of selectively and strategically putting money into IRAs, Roth IRAs, 401(k)s, Roth 401(k)s and the myriad other retirement plan options available to individuals working in the corporate world, the non-profit sector, as well as individual proprietors. The book proves that putting money into tax advantaged retirement plans beats "traditional saving" in the after-tax environment.The book sheds new light on best practices for spending your IRA and retirement plan dollars and your traditional savings. Many readers will be surprised to discover that the order in which assets are spent is not a trivial consideration--it can make or break the bank.It also outlines Lange's exceptional estate plan-a plan that has been featured in the "Wall Street Journal" and many other fine financial journals.The book offers financial planning strategies and tactics in plain English that everyone can understand--and using humor and interesting characters in real life situations the book escapes the dreaded dry financial tome tone. For example, Chapter 1 offers a great mini case study that charts the financial destiny of Mr. Pay Taxes Later and Mr. Pay Taxes Now. Both start saving when they are age 30, but when Mr. Pay Taxes Now reaches age 90, he is broke, while Mr. Pay Taxes Later has $1,946,949 left. Chapter 8 is devoted to a complete case study of "Eddie's and Emily's" entire retirement decision making process.The book is endorsed by more than 31 leading financial experts including Charles Schwab, and Roger G. Ibbotson, Yale Professor and perhaps the world's foremost authority on asset allocation. As a bonus, readers who purchase this book can receive a free information-packed CD."""Retire Secure! "is your playbook for winning the retirement game and beyond. It shows you how to capitalize on little known provisions of the tax law that will make your retirement savings last several lifetimes, leveraging your hard earned money into a family legacy. Best of all, you can rely on the advice here since it is written by one of the nation's leading retirement tax planning authorities."" Ed Slott, Author "Parlay Your IRA into a Family Fortune" and"The Retirement Savings Time Bomb...and How to Defuse It"James Lange (Pittsburgh, PA), an attorney and CPA, is a nationally known IRA, 401(k), and retirement plan distribution expert with over 27 years of experience. His recommendations have appeared 23 times in the"Wall Street Journal" as well as the "New York Times, " "Newsweek, Kiplinger's," and many other prestigious financial publications.

Genres: Finance

371 pages, Kindle Edition

First published February 1, 2009

About the author

Jim Lange, CPA/Attorney is President of three interrelated companies that provide financial services to IRA and retirement plan owners. Jim is the founding President of a CPA firm that does tax planning and preparation and a law firm that limits its practice to estate planning, the drafting of wills and trusts and beneficiary designations of IRAs and retirement plans. The third company is a registered investment advisory firm that provides cutting-edge Roth IRA conversion strategies and conservative money management. All three companies are located in Squirrel Hill in one location where he has been practicing for over 30 years.

Jim is a nationally-recognized IRA, 401(k) and retirement plan distribution expert. Jim is also the President and Founder of The Roth IRA Institute™ which helps financial professionals and IRA and retirement plan owners to get the most from their retirement plans using Roth IRA conversions as an integral part of the planning strategy.

He is the best-selling author of The Roth Revolution: Pay Taxes Once and Never Again. Jim is also the author of two editions of the best seller, Retire Secure! Pay Taxes Later. Larry King wrote the foreword for the book, and Ed Slott, CPA, wrote the introduction. The third edition of Retire Secure! is slotted for release Spring 2015.

Reviews

[Michael · Rating 4 out of 5]

I love reading books like this. Its an easy to understand book to maximizing the benefits of IRAs and retirement assists. Jim Lange knows his information and he presents it in layman terms. Its and excellent book for those either in retirement or near retirement. Retirement planning I think can be intimidating because of the rules and options that must be considered. Retire Secure lays them out in a logical easy to follow format. If there is one thing I got out of this book is that the next time I walk into financial advisor or tax accountant office, I will be able to understand retirement lingo on their level. Retire Secure should be the cornerstone of everyone's personal financial library.

[Read Ng · Rating 5 out of 5]

ALERT: I read the Second Edition, since it was handy. Estate planning in particular in the Second Edition is now out of date. Get and read the latest Third Edition.

An excellent book. Establishes clear reasoning why you need to use retirement investment vehicles to have a secure retirement. You will want to read it more than once, to properly understand how your choices influence your outcomes. Run out and get your copy of the Third Edition. Mine is on order.

Have a GoodReads and a financially secure retirement!

[Dawn Mohl · Rating 4 out of 5]

This was actually a very good book about investing and explains the different investments in fairly easy to understand terms. My uncle just died and he left all his money in a trust. According to this book, that may not have been the best choice because his children were older and may have been able to save money on taxes if it was left to them in other methods.