The tax man cometh. We all know it’s a reality. What most of us don’t realize is that the best solution to the problem of taxes has been around far longer then the IRS itself. We need a shelter.
You need to solve the problem of taxes for two reasons. One, the money they take, but more importantly for the opportunity costs as well. What is opportunity costs? Taxes not only take once, they take twice, because it also takes away the opportunities the taxed funds might have brought.
So if the government takes from you $1,000 in taxes, that $1,000 would have earned you maybe quadruple or more over a few decades. You could have had access to that money later but it will never exist thanks to taxes. So the government to collect $1,000 in taxes has actually taken from you a total of $4,000. The original $1,000 and the $3,000 you would have had if you had been able to keep it and let it grow instead of have it taken in taxes.
Therefore, it is essential that you have your money in accounts that are tax-free forever, not merely tax deferred. Our PaleoSaver plans are completely tax-free vehicles. No taxes ever, nada, and yes they are perfectly legal. Qualified plans like 401(k)s are tax deferred, guaranteeing that someday you will pay the tax man. The taxes will rob you of your wealth, just when you need it the most in your golden years.