Simple Math for Savings
Let’s have some fun and do some simple math.
If a person sets aside a dollar and then doubles this dollar every year for 20 years, they’ll have a million dollars. But if we simply add a 40 percent tax rate to that same equation, you’ll end up with about twelve thousand dollars. This is just simple math. But most of us get it wrong. And we do this throughout our earned income and taxes over our working years.
If someone pays $100,000 of income taxes every year for 30 years and then retires for the average retirement period of 20 years, and they could have invested those lost dollars at just five percent return. Imagine how much money they could have saved?
The answer is a staggering $6.9 million by age sixty-five or $20.4 million during their lifetime.
For less than $1,000, you can work with our internationally award-winning A.I. technology to identify how to simplify your taxes and get the most of your savings. Contact us today to learn more.