The Retirement Tax Bomb Hiding In Your IRA
Welcome to The Jon Sanchez Show.
I want you to imagine opening your retirement-account statement and seeing a balance of $1 million.
You probably think, “I have $1 million saved for retirement.”
But if that money is sitting inside a traditional IRA or 401(k), you may not really have $1 million available to spend.
You have $1 million before taxes.
The IRS has been patiently waiting for its share.
For decades, Americans have been encouraged to contribute money to tax-deferred retirement accounts. You received a tax deduction, the investments grew without annual taxation, and you postponed…
The skinny
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