THE NO-COMPROMISE RETIREMENT PLAN • 5
• You vs. the IRS : The desire to use your retirement account as income, and the government’s desire to get its portion of the account through taxes. That’s it. Three conflicts. These three conflicts in your IRA have a bigger impact on your living standards in retirement than almost anything else. Yet, most of us have never tried to overcome them. We assume it’s necessary to accommodate them, to plan around them. I’m here to tell you: It’s not. Yes, I’m Talking to You I know it’s easy to say, “This book isn’t for me. I’ve done a decent job of saving. I’m smart with my money. My account is diversified. I’ll be fine.” But the truth is, you are battling these conflicts, too. I’ll show you why it matters so much. Take my client, Andrew. Andrew is a CPA, and he knows numbers. He also knows how to evaluate risk. After one of our meetings, he remarked to me, “You know, when I first met you, I always assumed you were talking about other people. I figured I was smart enough to know what to do with my savings. Heck, I advise my clients on some of the same strategies you’re dismissing. But you know what? I needed help, too. I was relying too much on the talking heads and not enough on the level heads.” So, before we begin, let me say: I am talking to you. In the pages ahead, you’ll see why these three conflicts in your IRA may be the biggest challenge you face in retirement.
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