Using proven/established and cutting-edge strategies for retirement assets results in paying taxes once and never having to pay again
When Jim Lange talks about ways to make the most out of money set aside for retirement – people listen, as evidenced by the thirty times his expertise has been quoted by The Wall Street Journal. Studying IRA laws throughout his career, testing his strategies, and then having his analysis peer reviewed by the AICPA, has made him a nationally recognized expert on IRA’s, Roth IRA conversion and estate planning. In his new book, Roth Revolution: Pay Taxes Once and Never Again (Morgan James), Lange outlines top strategies so that readers may learn the benefits of Roth IRA conversions.
In Roth Revolution, Lange uses both the time-tested, well-established approach as well as new, cutting-edge strategies that actually result in enhancing the classic methods, in order to get the most out of IRA’s or retirement plans by converting a portion of IRA’s to a Roth IRA. The book provides invaluable advice on how to avoid running out of money, how to not pay too much in taxes, and how to leave as much as possible to family members with as little cost as possible to the investor. Since 2010 is the first year we can make a Roth IRA conversion regardless of income, and because tax rates will likely go up in the future, this is the perfect time to begin!
The new bill that was recently signed into law will allow employees to convert their pre-tax account balances into Roth-designated accounts, the official title for a Roth 401(k) or Roth 403(b), that will have a tremendous impact on retirement accounts. These conversions are great even if you never retire because they allow owners to create an income tax-free dynasty! Yes, you do pay taxes on the portion of the IRA or 401(k) that is converted, but then that money can grow income tax-free for the rest of your life, your spouse’s life, and even your children and grandchildren’s lives! Now that qualifying income limits for IRA owners have been abolished, all IRA and retirement plan owners should consider Roth IRA conversions. Oftentimes, even though a family stands to be better off by hundreds of thousands, possibly even millions, of dollars – the money manager may not make his clients aware of a Roth IRA conversion because he will make less money. This is why it is imperative that people become informed and get more involved in their own retirement and estate planning.
As well as being a best-selling author, Jim Lange is a nationally renowned speaker who has given Roth IRA conversion workshops to literally thousands of financial advisors at some of the country’s largest financial companies, and is well-recognized for the expertise he shares on air every other Wednesday on KQV 1410 AM at KQV.com. These are just some of the many examples Lange expands on in interviews and speaking engagements.
Kiplingers, Financial Planning, Wall Street Journal, Newsweek, and many others, often rely on the financial abilities of Lange to quote on new opportunities for readers. Eminent IRA experts such as Ed Slott, Natalie Choate, Bob Keebler, Gary Picker and John Bledsoe also agree with Lange in believing the worth of converting to Roth-designated accounts. Jim’s books have also been endorsed by top names that include Charles Schwab, Jane Bryant Quinn, Larry King and CPA Ed Slott, America’s IRA Expert, who also contributed the foreword in The Roth Revolution.
Clearly addressed in The Roth Revolution are topics such as: how much, whether/when to convert, the costs and benefits of a Roth IRA conversion with advice for taxpayers in each income tax bracket, the impact of future tax increases, the pros and cons of delaying Social Security, and Roth IRA conversions; every strategy is covered to maximize one’s return on investments in retirement plans.
As Jim Lange will often ask his audience/readers: “Who in their right mind would pay taxes before they have to?” His own answer is always: “Me, thousands of my readers and clients, all the top IRA experts and, I hope, after reading his book, you and your audience too. “
To learn more about this talented individual, please visit: http://www.retiresecure.com and
http://www.rothira-advisor.com .
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TIP SHEET:
Diane McCurdy, CFP, best selling author of “How Much is Enough? Balancing Today’s Needs with Tomorrow’s Retirement Goals: “An amazing, comprehensive explanation of the hows and whys … with real life examples by Jim who has set a new standard in retirement tax planning.”
Jonathan Clements, author of The Little Book of Main Street Money: “It is tough to pick stock-market winners, but it’s relatively easy to lower your investment tax-bill. Looking to keep more of your portfolio’s gains? Read Jim Lange’s ‘The Roth Revolution’ – and you could make your financial life a whole lot less taxing.”
Lois P. Frankel, Ph.D., author of Nice Girls Don’t Get Rich and Nice Girls Don’t Get the Corner Office: “Jim Lange hits another homerun with The Roth Revolution. Anyone concerned about ensuring his or her nest egg is enough for retirement needs this book…”
Brian Tracy, author of The Way to Wealth: “This book shows you how to plan your finances so you don’t run out of money in retirement – perhaps the biggest single consideration of your life”.
Bill Losey, CFP, author of Retire in a Weekend! The Baby’s Boomer’s Guide to Making Work Optional: “Jim’s specific advice to taxpayers in different tax brackets…Chapter 13…makes a complicated topic easy to understand.”
Michael T. Palmero, attorney and author of AARP Crash Course in Estate Planning: “…a clear and comprehensive guide to a financial planning tool everyone should understand. I highly recommend it.”
Burton G. Malkiel, author of A Random Walk Down Wall Street: “Jim Lange has done it again… he clearly explains the remarkable advantages of Roth IRAs and their role in estate planning. Everyone considering conversions of traditional IRAs to Roths should read this book.”
Natalie Choate, Esq.: “There are few advisors as IRA-knowledgeable as Jim Lange. His book is chock full of creative Roth IRA planning ideas to help every client”.
Jon Gallo, co-author of Silver Spoon Kids and The Financially Intelligent Parent: “Jim Lange has done it again! The Roth Revolution is a worthy follow up to Retire Secure, written in a highly readable style that provides an excellent guide for all of us whose clients want to know whether they should convert to a Roth IRA. We were particularly pleased to find a thoughtful discussion of combining Roth IRAs with philanthropy.”
Steve Leimberg, CEO of Leimberg Information Services: “With charts, graphs, checklists and examples, Jim Lange, an advisor’s advisor, presents the answers to the Roth IRA puzzle in clear, concise terms… loaded with solid answers to the very questions your clients are sure to ask.”
Bob Keebler, CPA: “…an invaluable tool for any advisor assisting a client with a decision on whether to convert to a Roth IRA. With the expanded opportunity for taxpayers to take advantage of a Roth IRA regardless of their income, this …resource should be on every advisor’s desk.”
Barry C. Picker, CPA/PFS, CFP “…must-reading for anyone contemplating moving money into a Roth IRA, which in my opinion is everyone. Jim is one of the few people who has the knowledge …on IRAs and also has the ability to put this knowledge into understandable language.”
