Tax-Free Retirement

by Patrick Kelly

Book Overview

"Tax Free Retirement will show you how to avoid 9 common Financial Landmines, teach you how to generate tax-free retirement income, explain how to muultiply your IRA two or three fold for future... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1425110827
• ISBN13: 9781425110826
• Release Date: January 2007
• Publisher: Patrick Kelly
• Length: 173 Pages
• Weight: 0.80 lbs.

Customer Reviews

Thought Provoking Ideas

I found Patrick Kelly's book insightful and very layman in reading. His humor and sincere interest in people make this a great read for a financial book. Everyone looking to the future of retirement should be armed with the information contained in this book. I especially found the last chapter about Legacy Planning to be moving and thought provoking.

Tax Free Retirement

I am not an insurance agent or an affluent investor, but was given this book by my financial advisor who wanted me to make up my own mind on utilizing a Univeral Life Insurance policy for more than just the death benefit. I was very suspicious at first, wondering why he did not just direct me towards a mutual fund or something more 'sophisticated sounding.' This book was very easy to comprehend and a breath of fresh air. Kelly doesen't talk over your head, and for once financial advice that makes perfect sense. Every hardworking person (middle class especially)should read this book. We are spoon fed our retirement options (401k's and 403b's) and we HOPE that we are doing what's in the best interest of our family and our future. Kelly asked one question in this book that sent bells off in my head: (paraphrasing) Based on the current and potential future tax implications why is saving all my money in a Tax Deferred account a good thing? Furhter, who's retirement am I saving for, mine or the governments?

Planning your retirement...

Planning your retirement... Patrick Kelly offers readers a plan for Retirement--Tax FREE. He lists 9 "Landmines" that can blow up your retirement plans. Many people blink, and it is retirement time. They have never made a plan. They have no idea how much money they will need to retire or how to save. Too many people want it and want it now. They go in debt and pay interest rather than earn interest. After Kelly looks at the "Landmines", he shares the "Tax Traps." He continues by sharing his wisdom on where you should put your money. With the economy in the shape it is in, I wish I'd read this book years ago. Too many people look forward to retirement only to find they do not have enough money to live on. They end up seeking jobs as greeters at Wal Mart or wiping tables at McDonalds. Tax Free Retirement is a book for all ages.

Great for it's Purpose

This book does a great job of presenting something that isn't widely known. As such many of the concepts are able to illicit feelings that generate a response either way. As someone who started out as an investor, I love the option, but not everything is right for everyone. I recommend speaking with someone who does both, and ask for the percentage. For upper middle and high income individuals, this plan can't be beat, including fees, especially when you take into account the flexibility. (I plan on retiring at 50, and would like to have access to my money!) So far as the sub accounts go, they are all different! Choose the balance of risk versus return that's right for you! Or, again, consult with someone who's an expert on the subject. You may be surprised at some of the names you are able to choose from in the sub account. Like anything else, check it out! Make an informed decision based on needs and numbers, not feelings, or you'll end up in the same boat as others that believed they were professional investors. They react based upon feelings, use your feelings to create the plan, not to change it in the middle!