THE NEW HOLISTIC RETIREMENT • 53 Nick fell into the trap so many of us do: He thought his IRA was worth $850,000. IDtiwsraesgna’rtd. ing for the moment any deductions or write- owfiftsh, dNri ac kw’ ss t o$t5a0l ,t0a0x0l i afbr oi l mi t y ihsi as r oI Ru An d, 2h5e poenr cl ye ngt .eSt os , wt oh ekne ehpe $h3is7d,5e0b0t.tTohtheeoItRheSr. $12,500? That’s the taxes he owes. That’s Put another way, Nick is indebted to the IRS (and its state af unndd lso. cWa lhpi laer thnee rws a) sf osra vairnogu, nNdi c2k5gpo et rac et na xt odfe dh ui sc trieotni r eomn ehni st It Ro Ar ecpoanyt rai nb yuttiimo ne es voeorny. yBeuat rn. oI tww, aa ss lNi ki ce ka gl eotasnr he ae ddyi dt on ’ rt ehtai rvee, he’ll start to repay that loan. Now, I'm not suggesting that future taxes due are il od ae nn t ihcaasl tdo ehf ianvei dn gt ea rtmr use, a" l osaent " rwe pi tahy mt heenItR sSc. hOebdvui ol eu sal ny dt hiet ac opnpceeapr st oi sn vyeoruyr sci mr eidl ai tr —r e ypoour t' v, ea ms aovnegdoftohre ry tehairnsg sb.uBt utth et hs ee fsuonmdes oafr tehne os et faul ln "dysotuor st h. "e YI oRuS . hAanvde uannl iokbel iag at rt ui oenc toon t"rraecptauya"l ldoeabnt,cyoomu edsodnu'tee!ven know the rate you'll be charged until that Why don’t most of us think about this hidden debt? Bmeocrat ug sa eg ei t, dyooeus nl i’vt ei mi np atcht eu sh on uo swe. We vheer ny ydoauy baunyda mh oa uk se e yoonu ar mn ootr ut gsai ng ge pt haey mmeonntesyeua cnht i lmyoena trhs . iBn utth, ewfiut ht uyr oe ,u ar nI dR At h, ey odue’ rbet isn’t immediately clear. It’s about to become clear. Because, when you begin at acxceess—s i nygo uf ubnedgsi nf rpoamy i nygo ubra cIkR Ay oourr d4 e0b1t( kt o) , t yhoeuI RbSe. g i n o w i n g
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