AVOIDING THE ANNUITY & IRA TAX TRAP

The strategies we can show you are simple, easy and can save your spouse and heirs a fortune in taxes. Kenneth Rossman, CPA

You worked so hard for your money, learn these tax saving strategies. Allan Haft, RIA Best Selling Author & Syndicated Columnist

THE FACTS 3 THINGS CAN HAPPEN TO YOUR MONEY

YOU CAN SPEND IT YOU CAN USE TAX FREE WEALTH TRANSFER SYSTEMS TO GET IT TO YOUR SPOUSE AND/OR HEIRS TAX FREE YOU CAN LET THE GOVERNMENT TAKE IT AND SPEND IT

THE ANNUITY AND IRA TAX TRAP

Taxes to consider
Federal income tax City income tax State income tax Federal inheritance tax As of January 1st 2013 40% of your estate over 5 million dollars goes to Uncle Sam State inheritance tax

YOU LOSE
Tax deferred annuities and IRAs may lose 76% or MORE of your hard earned dollars to the government upon death.

Estates Under 5 Million Dollars

Annuity
Upon death can go to spouse. No tax consequences for him/her to continue. After death or death of spouse must be cashed in. All profit subjected to federal, state & city income tax at beneficiary rate. Note: trust beneficiary is highest tax rate.

IRA
Upon death can go to spouse. No tax consequences for him/her to continue. Can be stretched or inherited by children. Income taxes due at time of distribution.

Estate Over 5 Million Dollars

Annuity All monies over 5 million subject to: Federal tax of 40% of your dollars. Federal income tax on profit. State income tax on profit. City income tax on profit. Net Result $500,000 annuity can be $120,000 or less to your heirs. $300,000 annuity can be $72,000 or less to your heirs. IRA All monies over 5 million subject to: Federal tax of 40% of your dollars. Federal income tax on profit. State income tax on profit. City income tax on profit. Net Result Eventually 76% or more of all dollars go to government.

WOW!

Heres some examples: John S. is 75. He owns an annuity that he and his spouse are never going to use. John lives in a state with no income tax and he does not have an estate tax issue. They put $150,000 into the annuity which is now grown to $300,000. Upon both their deaths the heirs will owe about $52,500 in taxes netting them $247,500. Upon Wealth Transfer, the new net to the heirs is now $370,201 tax free.

Current $247,500

New $370,201

A difference of $122,701!

Example Mildred is a 78 year old widow. She owns an annuity that she purchased for $300,000 now worth $500,000. She has an estate over 5 million dollars and lives in a high tax state. Under the new laws of January 1, 2013 the net to her heirs could be less than

$155,000.
Thats right.

$500,000 could be less than $155,000 net after taxes.

Yet using Wealth Transfer the heirs net

$789,097!

TAX FREE! ITS YOUR CHOICE!

$155,000 OR $789,097

DONT DIE WITH A TAX DEFERRED ANNUITY THAT HAS BUILT UP INTEREST/PROFITONLY THE TAX MAN BENEFITS
LET US SHOW YOU THE EASY STRATEGIES TO SAVE TAXES NOW! CALL NOW

1(800)254-9567
Phillip Wasserman 2013