Will you have enough money to retire? What is meant by enough money? Enough money is when work is optional, and retirement and leisure activities are affordable.
When it comes to retirement planning, the FTP and FTI diseases infects most people. Retirement planning cures the FTP disease – Failure to Plan. The antibiotic for the FTI disease – Failure to Implement – is the Financial Planning process. If you own and/or have a degree of control over a business entity, current Federal Income Tax Statutes provide tremendous incentive for the implementation of pre-tax strategies. Many times high income professionals have been told by insurance agents, and unfortunately some CPAs and CFPs, that some or all qualified plans are too expensive because of high administrative and/or employee costs. A New Breed of CPA will end that debate by providing a mathematically correct analysis that cannot be disputed.