Author David Disraeli Announces the Launch of a New Webste to Challenge Current Thinking on Tax Deferred Investing
David Disraeli, Author of "What to Do With Your Aging Parents", is finishing a new book called "The Hitchhiker's Guide to Financial Security" and its companion website www.pcfo.net. This is Mr. Disraeli's attempt to dispel volumes of misinformation about taxes, 401ks, IRAs, Roth accounts, 529 plans and life insurance.
- (1888PressRelease) November 15, 2010 - Banks, brokers and financial planners do not tell the investing public all the facts about tax deferred investing, college savings plans and the coming tax system overhaul's affect on 401ks, IRAs and Roth accounts.
The Hitchhiker's Guide to Financial Security addresses head-on the potential side affects of tax deferred investing, Roth IRA's and college savings plans like 529 plans. The vast majority of financial information that Americans are exposed to encourages funding of 401ks, IRAs and 529 plans, and for good reason. These accounts create enormous fees for the institutions that sell them.
In his controversial book, Mr. Disraeli explores the potential consequences of changes to the tax code and higher marginal tax rates with respect to 401ks, IRAs, Roth Accounts and more.
Disraeli says that everyone has a silent partner and that this partner may be planning to become much less silent. Fully 1/3 of everyone's IRA or 401k is actually owned by the government. The consumer gets to take all the risk while the government earns 30% or more of the profits. What's worse, the U.S.'s fiscal policy is such that some day soon that 30% may grow to 50%. The most startling fact is that the taxpayer has no control over future tax rates. Since the net spendable income is what is left over after taxes, that puts retirees at the mercy of the IRS.
In addition to being an author and lecturer, David Disraeli is founder and president of The Personal CFO, Inc. in Austin Texas, a financial planning firm dedicated to holistic, highly efficient financial strategies. Mr. Disraeli has been in financial planning for 24 years. He spent the first seven years as a stockbroker and 17 years as an independent financial adviser. Mr. Disraeli is also the Austin Chapter President for the Society for Financial Awareness, a non profit speakers bureau in 47 states. Through the society, Mr. Disraeli gives lectures to employees of local government and large publicly traded companies.
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