GIG HARBOR, Wash., July 18, 2007 (PRIME NEWSWIRE) -- More than six years in the making, Patrick Kelly's newly published book, "Tax-Free Retirement," is quickly filling a void in the retirement planning world. Kelly challenges the conventional wisdom, helping investors overcome the disastrous impact of the withdrawal phase of tax-qualified retirement plans with a step-by-step solution that is drawing raves from the pros.
"Patrick's book will revolutionize how people think about tax-qualified retirement plans," says Scott Fischer, an insurance and financial services agent in Longview, Wash. "Who could imagine a retirement financial-strategy book you can't put down? Patrick has done that with his 'must read' book, and illustrated so clearly the magical power of an alternative to tax-qualified plans."
Kelly questions the traditional logic of seeking to maximize tax write-offs year after year on retirement contributions. That plan, he says, unnecessarily hands over hard-earned cash to Uncle Sam: "If I told you right now, that the government was a 30-percent owner of your tax-qualified retirement plan, what would you say? How would you feel?" Kelly asks.
"Getting these simple, yet life-changing ideas into the hands of all Americans has been a desire of mine for nearly a decade," Kelly says. "Not only do most individuals not realize the current tax implications of their 401(k) or IRA, but with the dire situation of our national debt, the future tax ramifications look even worse. Potentially, far worse."
Kelly shows how the government is indeed a large stakeholder in each and every tax-qualified retirement plan, including a 401(k), IRA, TSA and SEP. If tax rates increase in the future -- a likelihood, if history is a guide -- then the government's percentage of ownership in an individual's retirement account will rise in direct proportion.
"I believe people want to make good choices about their money," Kelly says. "The problem is, for decades, they haven't had all the information to allow them to make a fully informed decision. They've been swimming in a sea of financial literature with one hand tied behind their backs. It is my hope that this book will finally change that."
To read more book reviews, or to order the book, visit www.tax-freeretirement.com.
If you'd like more information about this topic, or to schedule an interview with Patrick Kelly, please call him directly at (253) 961-3399 or e-mail him at taxfreeretirement@yahoo.com.