So just who are and what are the Smart people doing for their Retirement Income to mitigate the imminent future increase in taxation on their hard earned retirement income?
Let’s take a look at the heavy hitters:
The big boss of Merrill Lynch, would love to manage your retirement for you, was guaranteed $3.4 million a year in retirement.
Bank of America CEO Ken Lewis has $53 million in his TAX EXEMPT SMART RETIREMENT PLAN AND is guaranteed to get $3.486 million a year as an annual retirement benefit beginning at age 60. How do you think Bank of America plans on fulfilling the promise of those benefits?
Stephenson at AT&T has $41 million in his TAX EXEMPT SMART RETIREMENT PLAN
Boeing CEO McNerney has $34 million in his TAX EXEMPT SMART RETIREMENT PLAN
Kent at Coca-Cola has $39 million in his TAX EXEMPT SMART RETIREMENT PLAN
Roberts at Comcast has $232 million in his TAX EXEMPT SMART RETIREMENT PLAN
Tillerson at Exxon’s has $43 million in his TAX EXEMPT SMART RETIREMENT PLAN
GE’s CEO has $52 million in his TAX EXEMPT SMART RETIREMENT PLAN
Marilyn Euston CEO at Lockheed Martin has $36 million in her TAX EXEMPT SMART RETIREMENT PLAN
Palmisano at IBM has $28 million in his TAX EXEMPT SMART RETIREMENT plan however he is the only one from Barry Dykes research who had a 401(k) plan as well.
The rest of them DO NOT Have 401(k)s – I Repeat DO NOT Have 401(k)s!
They have their retirement income backed by the most secure tax exempt retirement plan available today that has the blessings of the infernal revenue!
And then there’s provisional income that put’s your social security in the cross hairs as well. Is there a way to protect your retirement income from the impending tax hikes that appear to be coming down the stretch? Yes, with proper planning!
Planning your dissent is equally if not more important than the climb!!!
I can’t imagine anyone looking forward to being stranded at the top of a mountain they just work so hard to climb. They knew in advance that they needed a plan to navigate their dissent before they even climbed that mountain. I also can’t imagine any retiree working hard to save and preserve the money they set aside for their retirement income during their working years just so they can pay much of it out in fees and then taxes after they retire only to be left stranded and burdened with exorbitant income taxation, relying primarily on Social Security to get them through their retirement years unable to enjoy the life style they envisioned in retirement.