Jack Phelps, founder of The Relaxing Retirement Coach, highlights an important strategy to help children of retirees avoid a massive tax penalty.
Wellesley, MA – October 25, 2012 – Jack Phelps, founder of The Relaxing Retirement Coach, a Retirement Coaching company, recently published a blog on his website (http://www.theretirementcoach.com) discussing the tax hazard facing the children of retirees. The blog, titled “Solving Your Children’s IRA Tax HAZARD” provides a solution which can help families avoid a massive tax penalty.
Jack Phelps writes, “The potential tax savings from this option is enormous. Imagine your money continuing to grow without taxes for decades vs. withdrawing and paying ordinary income taxes on the entire balance up front, and then reinvesting what’s left over.”
The Relaxing Retirement Coach, Inc. provides their members with the ‘missing structure’ they need to make a seamless and relaxing transition to their retirement years so they can confidently do everything they want to do without worrying about money. Their Relaxing Retirement Coaching Program™ provides members with a personalized, one-on-one retirement coaching relationship with constant attention to each and every detail necessary for them to consistently enjoy a relaxing retirement experience.
The entire blog can be found at http://www.theretirementcoach.com/blog/solving-your-childrens-ira-tax-hazard-3.php
To learn more about The Relaxing Retirement Coach, Inc., please visit http://www.theretirementcoach.com
About Jack Phelps
Prior to developing The Relaxing Retirement Coaching Program™ back in 1994, Jack spent five years as a registered representative with Prudential Financial Services. In 1989, Jack graduated from Holy Cross College in Worcester, Massachusetts with a B.A. in Economics.