I was lucky enough to retire at sixty five. That was five years ago, and just a few years before that, I wasn't even sure if I would be able to retire before I turned seventy, let alone sixty five. With the economy in bad shape, it looked like I would be spending more time at work than I had planned. That was until I found out about what a tax deferral was, which is what helped me on my way to retirement.
Not everyone is familiar with the concept of what a tax deferral is (neither was I when I first heard the term), so I will fill you in real quick. A tax deferral is basically just a way for someone to delay paying their taxes until a later time. It was part of this No Load Variable Annuity that was a significant in helping me out with my Personal Retirement Savings.
When I signed up for the No Load Variable Annuity, I had no idea how much it would help with my retirement. After I got my tax deferral, the No Load Variable Annuity provided me with quality investments choices. So, instead of paying my taxes at the usual time, I was able to invest that money and make a profit.
Another thing I should mention is how well the No Load Variable Annuity worked with the Savings2Income plan of turning savings into Guaranteed Income. Thankfully, I didn't have to depend solely on tax deferrals to save money, and I was much better off in the end.
There is no doubt that the plan I used was the best in my course to retirement. But everyone should research all of their options and choose the best method for them. That being said, definitely check out the Savings2Income method, if you have half the luck I did, you will be a very happy retiree.
Not everyone is familiar with the concept of what a tax deferral is (neither was I when I first heard the term), so I will fill you in real quick. A tax deferral is basically just a way for someone to delay paying their taxes until a later time. It was part of this No Load Variable Annuity that was a significant in helping me out with my Personal Retirement Savings.
When I signed up for the No Load Variable Annuity, I had no idea how much it would help with my retirement. After I got my tax deferral, the No Load Variable Annuity provided me with quality investments choices. So, instead of paying my taxes at the usual time, I was able to invest that money and make a profit.
Another thing I should mention is how well the No Load Variable Annuity worked with the Savings2Income plan of turning savings into Guaranteed Income. Thankfully, I didn't have to depend solely on tax deferrals to save money, and I was much better off in the end.
There is no doubt that the plan I used was the best in my course to retirement. But everyone should research all of their options and choose the best method for them. That being said, definitely check out the Savings2Income method, if you have half the luck I did, you will be a very happy retiree.
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