The Tax Bomb In Your Retirement Accounts: And How The Roth Can Help You Avoid It

John and Judy are in the 12% tax bracket. But when they took $10k from their IRA they had a 50% tax increase. Why? When John died Judy’s income went down by 33% but her taxes went UP! Why? Isn’t interest on municipal bonds tax free? Then why did it cause John and Judy’s taxes to increase? When Judy took out $20k to take her daughter on a cruise it cost her $9,908 in taxes. Yet when Jane did the same it cost her nothing. And they both have $80k in total income. Why? When Bob took out $10,000 from his IRA his taxes tripled. Why? Why did Bob’s Medicare premiums nearly double when he took out an extra $10k from his IRA? When Jenny, a divorced gas station attendant making $35k a year, inherited an IRA from her mom she lost 25% in Federal taxes. Why? In this book we’re not only going to answer these questions but we’re also going to show you what you should be doing NOW to avoid the stealth tax increases retirees face but are ignorant of...until it's too late.

Josh Scandlen is a CERTIFIED FINANCIAL PLANNER Practitioner and holds a Master’s of Science degree in Personal Financial Planning. Josh has provided financial advice to clients since 1998. Over those 2 decades he has learned that successful financial planning does not need to be complex. He follows the tried and true rule he learned in the Army, “Keep It Simple, Stupid.” Josh used the GI Bill to earn his degree in economics from George Mason University in Fairfax, VA, where he received a number of academic scholarships. He was an instructor for the Virginia Commonwealth University CFP certification program in 2006 and was named as one of “America’s Top Financial Planners” by the Consumers Research Council of America for 2008 and 2010. He served as an infantryman in the U.S. Army’s 10th Mountain Division and the Virginia National Guard. Josh greatly values spending time with his wife and four children. Being raised on a small island in Casco Bay, Maine, Josh is a passionate fan of college and professional hockey and tries to catch a Boston Bruins game at least once a year with his family. Reach out to Josh at www.heritagewealthplanning.com