When Should I Buy Out the Government?

Since the birth of the 401k, the government has been a partner in our retirement funds. When a partnership no longer serves us, it’s time to part ways. Because of the coming tax needs of the Baby Boomer generation and a higher federal tax, our future tax rates are going to hit our retirement savings hard.

Even though our retirement savings are compounding, let’s not forget that it also compounds the federal tax.

Right now is the time to consider buying the government out while it’s still cheaper and easier. We have a wide breadth of money, the best tax rates, and the circumstances right now to take strategic advantage.

How did this tax reality come about? What options do we have in the current economic climate? In this episode, I talk about what we can do with our retirement funds before it’s too late.