by Denver Nowicz | May 8, 2014 | pension, retirement income, small business, tax strategies
The IRS collected more than $5 billion in 2011 from penalties incurred by taxpayers who withdrew money from tax-deferred retirement accounts before the age of 59 1/2. The people who pay the penalty include younger workers who switch jobs and don’t bother to roll...
by Denver Nowicz | Jan 8, 2014 | indexed life insurance, life insurance, pension, retirement income, small business, tax strategies
People have been told they can save money in taxes by maxing out a 401k or Defined Benefit Plan. These plans are not tax savings plans. You still have to pay the taxes in the future when you take out money. High income earners could end up paying more in taxes by...
by Denver Nowicz | Oct 7, 2013 | economy, pension, retirement income
With Detroit recently declaring the city Bankrupt, many people are wondering where does Arizona stand with pension programs? Retirees in the state of Arizona are now concerned about pension programs and 401k programs and suffering market losses. Thankfully Arizona is...
