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This quote is just one of 6 total Stuart Ritter quotes in our collection. Stuart Ritter is known for saying 'It's a good tool that a lot of grandparents aren't aware of in estate planning.' as well as some of the following quotes.
You're going to pay taxes on the (withdrawn) earnings that you've accumulated. The government's also going to tack on a 10% withdrawal penalty.
Every additional percentage you save means you are learning to live on 1 percent less. You get a double benefit from it. You'll have more money to spend when you retire and you'll need less because you've learned to live a more modest lifestyle.
If making the investment decision feels overwhelming, someone might not be included to make the savings decision. Part of the problem people now have is there are many more choices that they have to make. Before, it was a defined benefit plan, and you were done.
This quote is just one of 6 total Stuart Ritter quotes in our collection. Stuart Ritter is known for saying 'It's a good tool that a lot of grandparents aren't aware of in estate planning.' as well as some of the following quotes.