Smart Retirement Plans Lower Your Taxes Now

A way to lower your tax bite now while you prepare for a secure retirement is news many Americans can sink their teeth into. How? Tax-deferred retirement savings plans-traditional and Roth IRAs, 401(k), Keogh and others-offer this type of opportunity.

Recent changes in legislation make these plans even more attractive. Contribution limits have been raised and will continue to rise through 2006 or 2008, depending on the plan in which you participate.

• Your employer's contribution produces an immediate return on your money of 25, 50 or even 100 percent.

• The single biggest obstacle to saving for retirement? "You must curb your consumption today in order to put money away for tomorrow," says Richard A. Bell, CLU, ChFC, CFP, president of the Society of Financial Service Professionals. "The phrases 'immediate gratification' and 'retirement savings' do not belong in the same sentence."

• To help you sort through available options, consult a credentialed professional, like a member of the Society. To learn more, call toll-free at 1-888-243-2258.

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