The Ideal Banking for All Business Owner

As a business owner you deal with a lot of different issues that make your financial situation unique. A lot of what you save for retirement is money placed right back into the business. The Infinite Banking Concept shows you how to utilize the banking system in your favor, bypassing the need for outside lending sources, and redirecting money normal lost to interest and taxes back to you and your business. It creates the ability to be in complete control, surmounting large amounts of capital to become your own banking institution, creating additional tax advantages and a large retirement fund at the same time. By restructuring the flow of capital in your business you will recover the money you lose in the form of debt, interest, taxes, and opportunity cost.

Retirement: Are You Ready

This is a must see for anyone who hopes to retire with out relying on the federal government.
Retirement: Are You Ready

Your 401(k) is Not a Savings Account

Ryan Guina, On Tuesday October 19, 2010, 4:46 pm EDT

One of the positive affects of the recent recession was the general shift from spending to saving. The realization that not all jobs are secure made people think twice about how much they spend, resulting in a higher savings rate than our nation has seen in years. With more attention focused on saving money, it becomes necessary to understand where you should save and how to set savings goals. For most people, there are three types of savings goals: short-term, medium-term, and retirement savings.
[See 10 Costs That Could Increase in Retirement.]
Short-term and intermediate-term savings. Short and intermediate savings are generally used for emergency funds, a down payment on a large ticket item, and similar large expenses. For most short-term and intermediate purchases, a standard savings account or CD ladder should be enough to meet your savings goals. These are great places to save for near-term expenses because you have relatively easy access to your funds and they are FDIC insured. However, the opportunity for growth is almost non-existent when compared to saving in retirement accounts.
 Full Story http://finance.yahoo.com/news/Your-401k-is-Not-a-Savings-usnews-2883556153.html?x=0
Contact Waggoner Financial to supercharge your savings in a tax favored environment.  
www.waggonerfinancial.com

Workers Not Saving Enough to Get 401(k) Match

The majority of Americans are not saving enough in their 401(k) plan to be able to retire comfortably. Almost three quarters of current workers are not on track to replace 70 percent of their pre-retirement income at age 65 using their 401(k) plan and Social Security if the markets perform typically, according to a recent Financial Engines report. The analysis of over 2.8 million 401(k) participants at 272 employers found that the typical 401(k) participant is projected to be able to replace only 55 percent of his or her pre-retirement income.

http://money.usnews.com/money/blogs/planning-to-retire/2010/10/14/workers-not-saving-enough-to-get-401k-match.html

U.S. NEWS & World Report /Money
By; Emily Brandon

Waggoner Financial has solutions for this problem

Is a Roth IRA Safe From Taxes?

Congress wouldn't tax Roth IRAs, would it?

It is a burning question for thousands of taxpayers now deciding whether to pay taxes to convert their regular individual retirement accounts to Roth accounts. All taxpayers are eligible to make the switch, because this year the income limit of $100,000 was permanently repealed. Many have done so already: Fidelity Investments says that as of May 31, the firm had handled 87,000 Roth conversions this year, about four times the number for the same period last year.

Read more: Is a Roth IRA Safe From Taxes? - Personal Finance - Taxes - SmartMoney.com http://www.smartmoney.com/personal-finance/taxes/is-a-roth-ira-safe-from-taxes/#ixzz12kqrfTae

Waggoner Financial has solutions to protect against unnecessary wealth transfers from your IRA

waggonerfinancial.com

COVER STORY

RETIRE WITHOUT TAXES

Suppose you could earn tax-free returns on your retirement savings. Suppose you could collect tax-free income after you quit working — and even pass along these tax-free payouts to your heirs. You'd jump at that trifecta, right? Then why haven't you? With a Roth IRA and its workplace counterpart, the Roth 401(k), you can get all three valuable benefits in one investment. But what's holding you back could be confusion. Roths present you with a minefield of eligibility requirements, tricky tax twists and arcane withdrawal rules. That's where MONEY's guide comes in. Their 12 questions and answers will tell you everything you need to know to make a Roth the cornerstone of a rich, secure retirement.

 

go to  http://waggonerfinancial.com/calculators.html  to compare a ROTH vs 401k 

CBS 60 MINUTESARE TAX RATES GOING UP?

Anyone who thinks their tax rates will be higher in the future should consider converting to a Roth IRA.

Anyone who thinks they won't should watch this this 60 MINUTES segment that aired March 4, 2007

From CBSnews.com:
As correspondent Steve Kroft first reported earlier this year, he is the nation's top accountant, the comptroller general of the United States. He's totaled up our government's income, liabilities, and future obligations and concluded that our current standard of living is unsustainable unless some drastic action is taken. And he's not alone. It's been called the "dirty little secret everyone in Washington knows" – a set of financial truths so inconvenient that most elected officials don't even want to talk about them, which is exactly why David Walker does.

Click this link to go CBSnews.com where you can watch this 60 MINUTES segment

http://www.cbsnews.com/stories/2007/03/01/60minutes/main2528226.shtml

Tax-Free Retirement Income

SUZE ORMAN"I CAN'T WAIT TO CONVERT MY SEP-IRA"

Sweeping New Tax Laws allow for millions more Americans to gain the advantages of “Tax-Free Retirement Income. The Tax Increase Prevention and Reconciliation Act of 2006 included a provision dealing with conversions of a traditional IRA to a Roth IRA--significant because it will soon allow for tens of millions more Americans to now be eligible to convert to gain the benefits of tax-free income.

Suze Orman http://finance.yahoo.com/expert/article/moneymatters/5160 has gone on record for her support of the wisdom of Roth conversions by saying “I personally can't wait to convert my SEP-IRA.”