First lesson here guys, it truly is not how much money you make but it is how much money you keep and especially keep from the government and the vultures. Watch this short 30 minute webinar. I will show you exactly how I took control of all of my investments and how I have removed these investments from taxation by the federal or state government legally. All using IRS rules! I will give you the cell phone number, of my personal contact, and the e-mail address of the the firm I used so you can check these guys out for yourself. This should be one of your first steps in the process to generating, generational wealth for your family. Hint: This is one of the main strategies that Bill Gates, Warren Buffet, Mitt Romney, the Rockefellers, and the Rothschild use today. Click on the button to the left to watch the short webinar and get access to the information.

Estate Planning

Roth IRAs are a great way to save -- and a great way to avoid probate. The Tax Advantages Unlike an IRA, Keogh, 401(k) or 403(b) plan, contributions to a Roth IRA are not tax-deductible. So what makes a Roth IRA so attractive? The big selling point is that when you're ready to withdraw money from the account, qualified distributions are never taxed when you withdraw them. That can make a huge difference if the account value grows significantly and you want to withdraw money while you're still in a higher tax bracket. Think of it this way: It's far better to pay a tax on the $1 you contribute to a Roth IRA now, and no tax on the $10 you withdraw 30 years later, than it is to pay no tax on the $1 you contribute to a conventional retirement plan and a hefty federal income tax (up to 40%) on everything you withdraw later. The longer you save, the bigger the likely benefits. Probate Avoidance Made Easy Unlike traditional plans, the Roth IRA also provides a way to pass a large amount of money, without probate, at your death. With a traditional IRA, you must start making minimum withdrawals after you reach age 70 1/2. The amount you must withdraw each year depends on your age and the age of the beneficiary of the account -- that is, the person you've named to inherit it at your death. The idea is that you will use up your retirement account by the time you die. (To learn why avoiding probate is advantageous, see Why Avoid Probate?) But a Roth IRA has no required minimum withdrawals. That means you can let the account keep accumulating income, tax-free, until your death, when it will pass to the person you've named. Passing this money to your heirs is easy, and it doesn't cost a dime. All you do is name someone, on the form the account custodian gives you, to inherit whatever is in the account at your death. The Basics of Roth IRAs Here's the basic information on Roth IRAs: contribution levels, eligibility, withdrawals, and how to convert a traditional IRA to a Roth IRA. Contributions. Not tax-deductible. The 2010 limit is $5,000/year per person, or $6,000 if you're 50 or older. That's the total you can contribute to all your IRAs, whether traditional or Roth. Eligibility. You can make the full $5,000 contribution if your adjusted gross income is less than $105,000 It doesn't matter whether or not you are covered by a retirement plan at work. Withdrawals. You can withdraw your after-tax contributions at any time; they will not be taxed, and you will not owe any penalty. If you withdraw any earnings on those contributions, however, before you reach age 59 1/2 and have had the account at least five years, they are "unqualified distributions" unless you have become disabled or need money to buy your first home. Converting an Existing IRA. If your adjusted gross income (or, if you are married and file jointly, your household AGI) is less than $105,000, you can convert a traditional IRA into a Roth IRA. You must pay tax on the money that goes into the Roth IRA as if it were ordinary income. More Information. Many websites offer calculators and other information that can help you decide whether or not it makes financial sense for you to open a Roth IRA or convert an existing IRA to a Roth.