You don't need much money if you're immune from taxes, inflation, and market volatility. In this
episode, I'm going to address the question "How much money do I need to retire comfortably?"
And I'm going to give you some insights into some opportunities that you probably never knew existed
before because most Americans have their money in accounts like IRAs and 401(k)s and they outlive
their money because of the negative impact the dangers of taxes inflation and market volatility.
I'm going to show you in this episode how to get rid of those dangers, how to make yourself immune.
When you understand these concepts, you're going to realize that you can get by with 50% less
money. Maybe even half the money that you would need to have in an IRA or 401(k) in the market to
generate the same amount of income. Or another way to look at it you'll have twice the income than
most Americans get out of their IRAs and 401(k)s because they have to deal with taxes, inflation,
and market volatility which dramatically reduces their net spendable income to buy gas, groceries,
prescriptions, golf green fees and the like. My name is Doug Andrew and I've been a financial
strategist and retirement planning specialist for more than 4 and a half decades. I've been
very blessed in my life to have authored 11 books so far. And they've all been best sellers. I had
one that was a New York Times, Wall Street Journal number one bestseller. We were so grateful for the
receptivity of that book in 2007. At the end of this episode, I want to gift you a copy of my most
recent best-selling, 300-page book The Laser Fund. But stay with me here as I share with you the
dynamics of how to make yourself immune from taxes inflation and market volatility. So, when you
subscribe to this channel and get to watch some of my educational videos, you're going to understand
I'm an acronym guy. So, I have an acronym that spells time (t-i-m-e) T stands for taxes, I stands
for inflation, M stands for market volatility, E stands for economic uncertainty. Because
as a financial strategist and retirement planning specialist, I've noticed that time --taxes,
inflation, market volatility, economic uncertainty is what causes most Americans to outlive their
money in retirement. And I can cure you from that. I can eliminate those dangers. So, let's reason
together. If you want to cure yourself from the negative impact of paying taxes on every dime that
you withdraw out of IRAs and 401(k)s or on your income for the rest of your life in retirement,
convert to tax-free. People say, "Oh, what's tax-free? Are you talking about a Roth?"
Well, a roth can do that but you're going to have to pay tax on the money that you've deferred and
deferred. And so, this is what i call a strategic rollout. Yep, we've got to deal with it. You got
to get the taxes over and done with. You've got to report the money coming out of those IRAs
and 401(k)s in a strategic rollout on your 1040 tax return. But do you know as a tax strategist,
I've helped many many people save a quarter of a million, 3-quarters of a million. One couple 1.2
million last year in unnecessary tax as they got the money out of their IRAs and 401(k)s.
But you know, you got to deal with it. You put it on your tax return. But many times, I resurrect
deductions that people were killing. Maybe they were thinking it was smart to pay off all the
rental properties and then I teach them about real estate management. If you don't know what that is
and you own real estate, search this channel for my videos on that and you'll be blown away. But
I resurrect deductions and all of a sudden, they get the money out of their IRAs of 401(k)s with no
tax consequence. I have saved people $750,000 over 5 years on the money we got out of their
IRAs and 401(k)s by resurrecting the deductions they've been killing by paying off all those
properties. Their properties are still paid off on their balance sheet. But they have a mortgage now
that is costing them one-third what they're making with the money that we got by pulling
it out of the property on top of whatever the rental property does. Hello? See, I own and
loan on the same assets. I own real estate but I also loan. I borrow money and I make money
on that money on top of whatever the real estate makes. It is really understanding how
to compound exponentially. It's what Walt Disney did. It's what a lot of very smart people did in
their lifetimes to be able to understand how money works and leverage with liquidity. If you leverage
things like real estate properties without liquidity, that is stupidity. I know because
I've been there. And I know many people who have done that, they've been trapped because they
lacked liquidity while they were getting out of debt. But when we talk about how much money you're
going to need to retire comfortably, I'm sure you would like to on every million dollars to be able
to generate more like 60,000 to 100,000 a year of tax-free income. Instead of a million-dollar
nest egg only generating 40,000 a year of income and you have to pay tax on that. So, you're only
netting 30,000 or maybe 20,000 after taxes and fees because that's what most people experience
if they have money and IRAs or 401(k)s invested in the market. Because most retirees only earn
3.5%. The financial services industry only wants you to pull out 4% a year so you won't sue them
for outliving your money. Do the math. Every million dollars you accumulate, if it's in the
market and IRAs or 401(k)s, they only really want you to pull out 40 grand a year. But that's before
tax. I can show you how to have a million-dollar nest egg that will generate 60 thousand,
80 thousand, 100 thousand tax-free and never deplete the principle over your lifetime. So, how
do you do that? It's my favorite instrument which I call the Laser Fund. So, when people have their
money trapped in traditional accounts like IRAs and 401(k)s, the problem is not only that most
Americans only really earn about 3.49% according to DalBar. DalBar studies investor behavior
and retirees that they have their money in the market and when the market starts to go down,
down, down like 2001 to 2003 after the terrorist attacks, they freak out and they finally sell low.
And then they wait, wait, wait, wait, wait, wait until it gets up here and then they buy high. If
they just bought in held, they'd probably average 9% and net 6% after tax. But no. People's emotions
get involved. So, they are losing opportunity and rates of return because of market volatility.
Well, let's go back to the t, taxes. If you pay tax on it, on a million-dollar nest egg,
if you're making 7.5%, you pull out 75,000 that's not all your money. Uncle Sam's been your partner
all these years. And it's now his turn to get his share. Most people between
federal and state income tax. Because 41 out of 50 states has a state income tax. Pay 33%,
people in California pay 40% or more. Let's just take a third. So, you pull out 75,000, you have to
pay tax of a third. 25,000 to net 50,000. People say, "Well, that's not enough. How much more do I
need to withdraw?" In a 33% tax bracket, you need to withdraw 50% more money. Let's simplify this.
Let's say you need $100,000 a year. To net 100,000 to buy gas groceries, haircuts, prescriptions,
golf green fees; you have to withdraw 50% more 150,000 to net 100,000. Do you know on a
million dollar nest egg earning 10%, if you have to pull out 150,000 to net 100,000,
that nest egg will be gone, drain dry in 11 years. You can't believe how many people because of taxes
run out of money at age 76. Now, my favorite vehicle which I call the Laser Fund, I have a
million dollars and it's tax-free. I pull out 100,000 and I net 100,000. But I'm averaging
10.07%. I have for 25 years. So, not only am I earning a good rate of return but it's tax-free.
So, how much do I have when most Americans are out of money at age 76. I still have my million. I
can keep pulling out 100 grand a year for 20 more years. And if I died, there's still the million in
there. I had another 20 years of 100,000. That's 2 million dollars plus I still have my million.
That's a 3-million-dollar better retirement nest egg than the same amount of money in an IRA,
401(k) that you have to pay tax on. I mean what would you rather have? I mean, I'd rather have
another three-million-dollar better retirement nest egg. Other than that, I don't have any strong
feelings on that subject. But I suppose you would like to have a better retirement nest egg. So,
you convert to tax-free. My book, The Laser Fund shows you how to do that. It's called
a strategic rollout. What's the I? Inflation. You cannot be rowing upstream at the rate of
3-4 miles an hour when the current of inflation is coming down at 6, 7 or 8 especially health care
costs and so forth. You're going backwards. When you read my book, you're going to learn how to
link your returns to the things that inflate. I don't like inflation any more than you do.
But it doesn't hurt me. I come along for the ride. If inflation is 5, I've usually earned at
least 5.5% greater. I earned 10.5. If inflation is 10, I earn 15 or more. If inflation is 20,
I earn 25 or more because I link my returns to the things that inflate. It's so simple but you
wouldn't believe how many financial advisors understand how to do that. And then the third
is market volatility and I use indexing. My money in the laser fund participates when the markets go
up. But I do not lose when it goes down because my money is actually not invested at risk in the
market. I link my returns it's called indexing. I'm not talking about index mutual funds. Wow! I
wish I had more time on this episode but I'm going to share with you how you can learn more if you're
intrigued. Subscribe to this channel. But I want to gift you a copy of my most recent bestselling
book that explains all of this in great detail. 300 pages of information. So, I want to gift you
a copy of my most recent best-selling book. It's called The Laser Fund. And this book will give you
insights and answer the question how much money do I need to retire comfortably? You only need half
as much to have the same income that maybe your friends or family members have to have in IRAs and
401(k)s or you'll get probably double the income if you have the same amount of money that they do
because you're going to see how to increase your rate of return and eliminate the dangers of taxes,
inflation, and market volatility. When you learn how to make yourself immune from those,
you can get by on less. You will not outlive your money and you can read stories of tons of clients
that we have helped with these strategies. So, if you go to laserfund.com... LASERfund.com, you
contribute a nominal amount towards the shipping and handling and I'll cover the rest of that cost,
I'll fire the book out to you. It's actually 2 books in 1. This one is 200 pages,
14 chapters all kinds of charts and graphs. If you learn more by stories,
you flip it over and you read this 100 pages, 12 chapters, 62 actual client stories. So, I want to
pay for the book and empower you. And watch some other educational episodes that are related on
this channel. Maybe click on this one next and begin to take control of your brighter future.