TARZANA, Calif., Aug. 17, 2017 /PRNewswire/ -- Retired executives, professionals, and business owners are invited to a free, public briefing to discover the biggest obstacles to enjoying retirement and to find out how to reduce income taxes and estate taxes.
According to the Population Reference Bureau (PRB), by 2022, 1 out of 4 men and 1 out of 5 women will still be working after age 65.
"Today's retirees face complex decisions and significant challenges and obstacles to enjoying the reward for a lifetime of labor and sacrifice," said Karen Malkoff-Hatton, CFP®. "We want to make sure that people in retirement are well educated to be able to make wise, well-informed decisions about their money and future. A number of retirement decisions are irrevocable, so it's critical that retirees are knowledgeable about their options."
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 retirement, along with real world examples.
"Imagine being 75 years old, in great health, full of life and running out of money. AARP reported that 2 out of 3 older Americans fear running out of money more than dying. The fear of running out of money is not unfounded," said William Hatton.
Besides unnecessary taxes, one of the little-known pitfalls for retirees 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 public seminar, attendees learn how to:
- Find potential 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.
Hatton continues, "This briefing will be very educational. Plus, every attendee will receive a free action guide to help them avoid the costliest retirement mistakes."
The briefings are complimentary and are by registration only.
Retirees can register by calling Hatton's firm at 818-344-7177 or 619-294-8400 or go online at www.fin-security.com.
"I believe that people who have worked hard for their money and saved for retirement deserve to enjoy greater peace of mind and freedom in retirement. 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 an enjoyable time," said Malkoff-Hatton.
Both Karen and William stress that education is the first step in understanding options and gaining control of your retirement.
About Karen Malkoff-Hatton and William Hatton:
Karen Malkoff-Hatton, CFP®, is Financial Educator, Author, Speaker and Wealth Manager. Hatton is the Co-Author of Retire Abundantly: The Proven Principles To Create A More Worry Free Retirement With Less Stress! As the Founder and CEO of Financial Security Solutions Corp., an independent Registered Investment Adviser, Malkoff-Hatton and her team provide a high level of sophisticated financial planning strategies for retirees, entrepreneurs, and women on their own. Karen's motto is, "If you can dream it, we can help you live it." Knowing that planning is the link between dreams and reality, she created The Enhancing Wealth Process to help every client more fully preserve, protect and pass on their hard-earned wealth.
William Hatton is a Financial Educator and Advisor. Inspired by his mother's passion, Bill earned his Bachelor's degree in Finance from California State University and joined Financial Security Solutions Corp. as a Financial Advisor. He is part of a highly trained team that designs and maintains sophisticated financial planning strategies for successful executives, professionals and business owners.
Securities and insurance services offered through Royal Alliance Associates, Inc. member FINRA/SIPC. Advisory and additional insurance services may be offered through Royal Alliance Associates or Financial Security Solutions Corp. Listed entities are not affiliated.
818-344-7177 & 619-294-8400
SOURCE Karen Malkoff-Hatton and William Hatton