ROCKFORD, Ill., March 29, 2017 /PRNewswire/ -- More than 44 million Americans over age 65 are facing stiff challenges to retire and stay retired. Retired executives, professionals, business owners, and women on their own are invited to a free, private briefing to find out how to reduce income taxes and estate taxes on their IRAs, 401(k)s, pensions and other assets.
"Today's retirees, whether they are executives, professionals, business owners, or women on their own, face significant challenges and obstacles that didn't exist even a decade ago. They deserve to know what the challenges are and how to protect themselves so that they can enjoy the reward for a lifetime of labor and sacrifice," said Philip A. Guske, CFP®.
This new series of briefings educates and equips retirees against the little-known mistakes and costly missteps that can derail retirement. The fast-paced, 77-minute presentation explores the seven major retiree fears and concerns, the eight little-known money pitfalls and the four keys to an abundant retirement, along with real world examples.
Guske continues, "AARP reported that 2 out of 3 older Americans fear running out of money more than dying. Imagine being 75 years old, in great health, full of life, and running out of money. The fear of running out of money is not unfounded, yet retirees deserve to live with greater peace and freedom in retirement."
Besides unnecessary taxes, one of the little known pitfalls is running afoul of IRS retirement account rules. It can cost unsuspecting retirees a bundle. According to Forbes magazine, "Americans paid an estimated $5.8 billion in penalties on retirement account withdrawals. (That's in addition to the regular tax owed on those withdrawals.)"
In addition, the Wall Street Journal reported that, "Uncle Sam is about to get a lot tougher on individual retirement account mistakes—and that could trip up investors who aren't careful."
During the briefing, Guske shows attendees how to:
- Create substantial income tax deductions.
- Avoid double taxation on your "targeted" retirement accounts.
- Legally bypass capital gains taxes on stocks, bonds and real estate.
- Reduce and even eliminate income taxes on your IRA and 401(k).
- Convert unused assets into an income you can't outlive.
- Save taxes using strategies the IRS and congress want you to use.
Guske continues, "There will be nothing to buy at this briefing, just valuable and usable information. Every attendee will receive a free action guide to help them avoid the most costly retirement mistakes."
The briefings are held at noon and early evening and are by invitation only. Retirees can register by calling Guske's firm at (815) 399-9806 or online at www.RockfordTaxSavings.info.
"I believe that people who have worked hard for their money and saved for retirement deserve to enjoy greater peace and freedom in retirement, not merely to survive. That's why we educate retirees about their options. I hope people take advantage of our free briefings. They are filled with retirement nuggets and tips and attendees have a fun time," says Philip A. Guske.
About Philip A. Guske
Philip A. Guske, CFP® is a recognized Financial Educator, Author, Speaker, and Retirement Income Specialist. Philip is the Contributing Author on the book, Retire Abundantly: The Proven Principles To Create A More Worry Free Retirement With Less Stress! As a top-rated Financial Educator and lecturer, Guske has presented at various universities, including Northern Illinois University. He is the President of Pathfinder Wealth Management, Inc., where he and his team show retired executives, professionals, business owners, and women on their own how to avoid the biggest mistakes that can kill retirement so that they can more fully enjoy an abundant retirement. Philip and his wife, Kelley, enjoy home remodeling, walking and time with their daughter, Rosaleah and new baby, Elijah.
Philip A. Guske
Pathfinder Wealth Management, Inc.
6981 Redansa Dr., Rockford, IL 61108
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/one-of-illinois-top-retirement-income-specialists-philip-a-guske-offers-retirees-a-complimentary-series-of-briefings-to-cut-taxes-300430526.html
SOURCE Philip Guske