Divorce the IRS: How to Defuse Your Biggest Tax Time Bombs Before You Retire, 2nd Edition: How to Defuse Your Biggest Tax Time Bombs Before You Retire

CONTENTS

Foreword ...........................................................................................9

Prologue ..........................................................................................13

PART 1 : UNDERSTANDING

Introduction .......................................................................................19

1. The Whole Tax Picture ...........................................................29
2. A Tax Misconception ..............................................................33
3. The Three Tax Buckets ..........................................................37
4. Are You Borrowing Money from the IRS? ..............................45
5. Why You Shouldn't Take Advice from Your Tax Preparer .......55
6. The Myth of Lower Tax Brackets in Retirement ......................61

PART II : TAX TIME BOMBS

1. Tax Time Bomb 1 - Exploding Tax Rates .................................75
2. Tax Time Bomb 2 - Early Withdrawal Penalties .......................79
3. Tax Time Bomb 3 - Sharing Your Retirement with the IRS ......85
4. Tax Time Bomb 4 - Social Security Tax ....................................89
5. Tax Time Bomb 5 - Medicare Premiums ...................................97
6. Tax Time Bomb 6 - Required Minimum Distributions ..............101
7. Tax Time Bomb 7 - Outliving Your Spouse ..............................107
8. Tax Time Bomb 8 - Paying Taxes from the Grave ...................113

PART III : WHAT TO DO ABOUT IT ALL

15. Your Ideal Number ..........................................................................121

16. Roth Strategies ...............................................................................127

17. Life Insurance for Tax-Free Retirement Planning ...........................139

18. Divorce the IRS and F.I.R.E.............................................................149

19. Real Estate Considerations ............................................................155

20. Divorce the IRS and Die Broke .......................................................161

21. Case Study 1 ..................................................................................165

22. Case Study 2 ..................................................................................175

23. Case Study 3 ..................................................................................191

24. Americans Overseas ......................................................................195

25. Foreign Nationals Working in America ...........................................203

Conclusion ...........................................................................................219

Acknowledgments ................................................................................223

About the Author ...................................................................................227

Endnotes ...............................................................................................231