To Defer Taxes or Not to Defer?

07/01/2015 by

Besides the usual market update and some rational academic clarity concerning countries sovereign debt and default, Paul Nichols, the investor coach, is pulling back the curtain on the concept of tax deferral like never before. The vast majority of Americans are making the wrong choice when looking at deferring taxes by utilizing traditional IRAs. With the rare exception of a few individuals and families, tax deferral does nothing for most investors, but cost them more money, gives less security and less disposable income in retirement. Do not defer any more taxes until you get the facts about the reality of income distributions in retirement.

It's Your Money
It's Your Money
To Defer Taxes or Not to Defer?
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About Paul Nichols

Paul is the founder of Financial Abundance, a Registered Investor Advisory firm and EDI, an Estate Planning Firm with offices in State College and Lewisburg. He has been working with individuals, families and businesses for over twenty years, including many Fortune 500 companies. He has educated tens of thousands of people through seminars, workshops and various international speaking engagements where he shared the stage with many notable individuals such as Ronald Reagan, Robert Kiyosaki (author of Rich Dad, Poor Dad), Mike Ditka, General Schwarzkopf, and Newt Gingrich to name a few.

In 2000, after many years of traveling to consult companies and individuals, Paul decided to relocate from Colorado to State College, PA (his wife’s hometown) to develop a local advisory firm.

Paul operates under the core belief that education plus understanding leads to clarity and confidence; resulting in peace of mind. He is a proud father of three and devoted husband of 20 plus years.

Some of Paul’s accomplishments:
Regular contributor to the Centre Daily Times, via the “It’s Your Money” blog
Featured in the movie Navigating the Fog of Investing
Regular contributor to Town & Gown as the publications Investor Coach
Host of the weekly iTunes Podcast, It’s Your Money
Member of the Western PA Better Business Bureau
Member of the Centre County Chamber of Business and Industry