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Individual Retirement & Taxes

Any discussion of financial risk in retirement will eventually boil down to “THREE GREAT TRUTHS”

  1. Every year, everything costs more; although peace and happiness are free (…they come from within…), dignity and independence must be purchased.
  2. Taking fixed income into a lifetime of rising costs only guarantees erosion of purchasing power.
  3. A 30-year retirement for at least one member of a “couple” will be the norm.
No real growth of one’s savings occurs unless one stays ahead of tax and inflation rates – the “twin pickpockets”! At today’s low savings interest rates, a dollar in a CD may only buy “96-cents worth…” a year from now. That’s backing up! That’s locking oneself in to a loss of purchasing power. Purchasing power is the only thing that is important about currency – how much it will buy.

The last of the Three Great Truths is very important: studies have revealed that people in retirement fear “longevity risk” more than any other risk. They are most afraid of running out of money at a time in their lives when they may need money the most … possibly for nursing home and other health care.
We'll discuss the retirement income imperative to you and the choices you may have.
A word that creates great angst, and one of the two things we know are “certain”. ‘50s TV personality Arthur Godfrey said, “I’m proud to be an American and pay taxes in the United States. The thing is, I could be just as proud for half the money!”

But just as true, one late U. S. Supreme Court Justice said: “Tax avoidance is the obligation of every citizen, but tax evasion will land you in jail!” There are many legal ways to defer taxes and to shelter income from taxes. Let us help you mitigate your tax liability exposure, working with you and your tax advisor, by developing a plan using tax-advantaged securities and programs.

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Investment Centers of America, Inc. (ICA), member FINRA/SIPC and a Registered Investment Advisor, is not affiliated with BankSouth Wealth Management and/or BankSouth. Securities, advisory services and insurance products offered through ICA and affiliated insurance agencies are *not insured by the FDIC or any other Federal Government agency *not a deposit or other obligation of, or guaranteed by any bank or their affiliates *subject to risks including the possible loss of principal amount invested. 


This site is for informational purposes only and is not intended to be a solicitation or offering of any security and:

· Representatives of a Registered Broker-Dealer (“BD”) or Registered Investment Advisor (“IA”) may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, that state; or (b) are excluded or exempted from that state’s registration requirements.

· Representatives of a BD or IA are deemed to conduct business in a state to the extent that they would provide individualized responses to investor inquiries that involve (a) effecting, or attempting to effect, transactions insecurities; or (b) rendering personalized investment advice for compensation.

· ICA does not provide tax or legal advice.

We are registered to offer securities in the following states: GA