November 17, 2006
GenXFinance Did it Again
Head over to Generation X Finance to check out his recent post on 10 Misconceptions about Retirement Security. It fits in very neatly with FairTax Week, because taxes should be the number one misconception (in my book) about retirement security. Imagine no taxes on retirement accounts. Everything would be one big Roth IRA. What a perfect world it would be.
Another great article to read is over at 2millionBlog, 8 Habits of Successful Wealth Builders. One thing I would also like to add to his post is the ability to have a firm vision and have a good plan for success. Having a detailed plan and Goals will Equal Success.
Thanks for the trackback, and as we were discussing in the comments to that post, I found it very interesting how their research left out taxes completely.
What is important is not only how your retirement assets will or won’t be taxed, but the new stage of financial planning that retirees need to undergo once they start to draw on retirement income. So much is being made for accumulating wealth for retirement that I think actually planning for retirement income is taking a backseat, yet equally as important especially due to things like taxes.