Retirement Capped!

Caps are now set. It's official. You can only retire with 3 million in total IRA's. This includes 401k, 403b, etc. The payout can be 205,000 maximum during your retirement. 10% of citizens will hit the mark. 95% of companies that offer retirement plans match employee contributions.

What does it all mean? The savers have one less spot to save and matching only gets you to the mark quicker. Earlier this year, many Swiss banks were sued for offshoring accounts, denying yet another haven. There are still several worthy places where your wealth will be safe, including but absolutely not limited to:

• Life Insurance
• Closely held Corporations (mitigate tax)
• Real estate and land investments
• Trusts (mitigate tax)
• Securities (maximize return)
• Gifts ($14,000 per year to anyone you choose)
• Private equity/venture capitalism (for the aggressive)

Those are simply a few ways that can save you from worrying about your potential risks, tax bracket, excess money, or guaranteed return. Leave me a comment!