Valparaiso Financial Advisor Helps Retirees Optimize Their IRAs
VALPARAISO, Ind., July 22, 2014 /PRNewswire/ -- Todd Wooten of Blue Sky Financial Partners has just released "Leveraging Your IRA," a website aimed to help those entering retirement get the most out of their IRAs.
"At age 70 1/2 when required minimum distributions (RMDs) must begin, one of three things will happen with your IRA: You will either LIVE on it, LEVERAGE it, or LOSE it to taxes and lack of planning," says Wooten.
Most Americans have spent their working years diligently to contribute to their IRAs or qualified plans. Unfortunately, the reality is that most retirees do not have a plan in place to optimize their retirement savings, exposing themselves and their heirs to crippling taxes from the government. In fact, after taxes take their toll, most heirs will have spent at least half of their inheritance.
In "Leveraging Your IRA," Wooten emphasizes the many ways you can transform your IRA into a powerful financial tool and the pitfalls you must avoid in order to experience the benefits of the savings you worked hard to create. He also explains how crucial it is for individuals and families to develop a well-defined plan for their IRA that will:
- Protect Your Principal
- Leverage Your Assets
- Accelerate Growth
- Neutralize Taxes™
Wooten emphasizes that, "Becoming the perfect taxpayer is not difficult; it takes no time or money, and the results are guaranteed. Having no plan in place for your IRA is a plan to fail."
With the rate of savings in the United States so low and the cost of living rising, today's workforce, now living longer than ever, needs to do everything it can to save money for the future and protect their hard-earned assets in the process. The right plan for your IRA can change your family's world and safeguard you financially for years to come. You can learn more by visiting www.leveragingyourira.com.
Todd Wooten is the founder and president of Blue Sky Financial Partners, one of Northwest Indiana's premier insurance and financial advisory firms, specializing in assisting retirees, pre-retirees and business owners. Todd is a featured contributor for Fox Business, a nationally sought-after speaker, and a frequent lecturer for educational and charitable institutions. To schedule a free consultation, call Blue Sky at (219) 548-9370 or visit financialflightplan.com.
SOURCE Blue Sky Financial Partners
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