Hey PH,
One of our clients consults businesses and business owners wrote this book called Plan to Not Pay Taxes. I know the title sounds like something you might hear in a 2am infomercial, but the strategy he outlines is really interesting.
He goes into detail about saving money in a Roth IRA which would then fund a business in your retirement years that yields you tax free income. The strategy is 100% legal and upheld by the IRS. In fact, this is a strategy used by those wealthy enough to afford the advice. It's not promoted by financial advisors since it doesn't provide them a lot in fees.
Roth IRAs become tax free when you turn 59 1/2. For most of us, we'll be living a lot longer than 59 1/2. If you live till you're 100, that's a lot of years to have a tax free investment. You just have to PLAN! Ha.
Check it out. There is also a digital version for $2.99 if you don't want the hardback $12.99 version.
Thanks, Michael! I'll be checking this thread all day to see if there are specific questions people have. Hope everyone who wants to plan can enjoy a tax free retirement.
Plan to Not Pay Taxes