A comprehensive and easy-to-understand guide to maximizing the benefits of IRAs and retirement assets. Retire Secure! Third Edition offers unbeatable recommendations for addressing the #1 fear facing most readers: Running out of money. Retire Secure! Third Edition also shows baby boomers nearing retirement how they can save tens of thousands to over one million dollars by paying taxes later.
This practical guide, perfect for consumers, but detailed enough for financial experts, delivers straight forward accumulation and distribution strategies for IRAs, Roth IRAs, the new Roth 401(k) and other retirement plans. More specifically, Lange gives his readers tips on how to prepare for expected “death” of the stretch IRA, details on converting to Roth IRAs, Roth 401(k) and Roth 403(b) rules, and when IRA and retirement plan owners should consider second-to-die life insurance.
Further, this book describes Lange's exceptional estate plan--a plan that has been featured in The Wall Street Journal and many other fine financial journals. This definitive guide enjoys glowing endorsements from Charles Schwab, Larry King, Ed Slott and 60 other financial authors and experts.
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Retire Secure!: A Guide To Getting The Most Out Of What You've Got, Third Edition

Business & Money

Lange, James

Personal Finance

Retire Secure Press

On September 21, 2016, the Senate Committee on Finance voted 26-0 to effectively kill the stretch IRA . The ax has fallen and retirement and estate planning for individuals with large IRAs will never be the same. Though nothing is 100% certain, the chances of this vote becoming law is very high because the Finance Committee gave it unanimous bipartisan support. What the proposed law says is that if you die on or after December 31, 2016 and leave your IRA to your children or grandchildren (or anyone other than your spouse), your beneficiary will, with some possible exceptions, be required to pay income tax on the inherited IRA within five years of your death. This change is in sharp contrast to the current law that allows your beneficiary to stretch the Required Minimum Distributions from an inherited IRA over their lifetime, and continue benefitting from its tax-deferred growth. Not only will the proposed new law accelerate income taxes, but if the inherited IRA is large enough, the accelerated distributions are likely to be taxed at a very high income tax rate. For the last several years, James Lange, a best-selling author in the IRA and retirement plan world, has known this day would come. Though references to the death of the stretch IRA have rarely been found in literature, Jim kept insisting this day was coming. He wrote two peer-reviewed articles that were published in the January and February 2016 editions of Trusts and Estates Magazine, and has given talks about it for the last several years. Most recently, he was asked to make a presentation about the death of the stretch IRA to an audience of 400 estate attorneys and other professionals at the prestigious Retirement and Estate Planning Forum in San Diego. His message has been to prepare IRA owners and their advisors on the coming change and more importantly, what they should do about it right now. The Ultimate Retirement and Estate Plan for Your Million Dollar IRA was written to let IRA owners know about the proposed change to the law. It has a detailed explanation of the current law and compares it to the proposition that Congress is voting on right now. More importantly, it provides an action plan for IRA owners that they can follow now and after the new law passes. It also distils the best classic advice from Jim s 402-page best-selling book Retire Secure!. The book was written and went to press before the Committee vote on September 21, 2016. In general, the specifics of their proposition were remarkably similar to what Jim has outlined in this book. There is, however, one significant difference between what he anticipated the law would look like and the proposal that the Finance Committee passed unanimously and presented to Congress. Their proposition contains an exclusion of $450,000 (indexed for inflation) per IRA owner. This means that the non-spousal beneficiaries of an inherited IRA can still take advantage of the old stretch IRA laws for up to $450,000 of the account s value, but will be required to pay income taxes on any amounts over and above the $450,000 within five years of the original owner s death. This exclusion opens up the door to additional planning techniques that are not covered in this book. The author wrote a special addendum to the book that is available at no cost and can be found at paytaxeslater.com/addendum. This is a short book. If you would like a full explanation of all the recommendations and the reasoning behind them, please read the 402 pageRetire Secure! and the addendum mentioned below. The Ultimate Retirement and Estate Plan for Your Million Dollar IRA is an important book for all IRA owners, but it is critical for married IRA owners with an IRA or retirement plan valued at more than $450,000.

The Ultimate Retirement and Estate Plan for Your Million-Dollar IRA: Including How to Protect Your Nest Egg from the Pending Death of the Stretch IRA Legislation

James Lange

Live Gay, Retire Rich! is an updated version of Retire Secure! for Same-Sex Couples, now updated to include the positive holding of the Supreme Court Case Obergefell v. Hodges and its implications. Highly reguarded and endorsed by dozens of financial professionals, Live Gay, Retire Rich lays out the best retirement and estate planning advices for same sex couples and teaches them how to make the most out of their retirement savings. For example:
There were two gay couples with identical financial resources. They each had the same amount of money, identical investments, identical taxes, and identical earnings history for Social Security purposes. The first couple didn't do any planning. The second couple followed the advice offered in Live Gay, Retire Rich! Doing reasonable projections, the first couple runs of out money in 28 years while the second couple has $1.4 million and their portfolio continues to increase. 
What was the difference? The first couple didn't follow the advice in Live Gay, Retire Rich, but the second couple did. The first couple never got married, started receving Social Security benefits at 62, didn't make any Roth IRA conversions, and didn't use key IRA and retirement plan estate planning strategies recommended in Live Gay, Retire Rich! The second couple did get married, used our recommended apply and suspend technique for Social Security, did a series of Roth IRA conversions, and used the key IRA and retirement plan estate planing strategies we recommend. 
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Live Gay, Retire Rich

This Book Can Help You Collect Larger Social Security Checks!There were two married couples, the Rushers and the Planners, with identical earnings records and investments. The Rushers didn't read this book and during retirement, they ran out of money. Bad news. The Planners, however, took the time to read this short little book, implemented the recommended strategies, and when the Rushers were barely scraping by, the Planners were living comfortable in retirement.
If you want to be a Planner and not a Rusher, please read this book.
Why?
Because a certain provision buried in the fine print of the Bipartisan Budget Act of 2015 eliminates the two strategies: Apply and Suspend and Restricted Applications for Benefits.
The first strategy, Apply &amp; Suspend has already been eliminated.
However, the second strategy, called a Restricted Application for Benefits, is still available and it allows you to file for benefits and specify that you only want to receive whatever spousal benefit to which you might be entitled. If you were at least 62 years old as of December 31, 2015, you will be able to file a Restricted Application for Benefits until December 31, 2019.
Clearly, maximizing Social Security benefits is to your advantage. What many people do not realize is just how important it can be to the surviving spouse. If you are the higher earner and you make the right choices, your spouse will be eligible to receive a survivor s benefit which, at maximum, will be as high as your own benefit amount.
Get specific advice on: 
<ul>
<li>The easy way to increase your Social Security check 8% a year. See page 10.</li>
<li>Providing your spouse with a 32% increase (plus the cost of living) in her survivor s benefits for the rest of her life. See page 24.</li>
<li>Using the claim now, claim more later method (also known as a restricted application). See page 33.</li>
<li>Making larger Roth IRA conversions in a lower tax bracket. See page 47.</li>
</ul>
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The Little Black Book of Social Security Secrets, Couples Ages 62-70: Act Now, Retire Secure Later

The $214,000 Mistake -- How to Double Your Social Security and Maximize Your IRAs: Proven Strategies for Couples Age 62-70 helps married taxpayers get the most out of their Social Security benefits: more money for you and less for Uncle Sam. Ninety-seven percent (97%) of Social Security recipients don t receive the benefits they are entitled to? Do you know why? Because, they don t know how to optimize their benefits. With clear examples and uncomplicated language, the book shows you how to implement proven strategies that will prevent married couples from losing hundreds of thousands of dollars. The $214,000 difference referred to in the book title is shown in Figure 3, on page 19. The math for doubling your Social Security can be found on page 20. The book also covers how to combine optimal Roth IRA conversion strategies with the best Social Security strategies. The timing of Roth IRA conversions and Social Security distributions can easily make a difference of $1,000,000 or more. Under the newly passed Trump tax bill, the difference could be $1,500,000 or more. (See page 5). Furthermore, getting Social Security right is a woman s issue. Getting Social Security wrong not only hurts the primary wage earner of the couple, but could be devastating for the dependent spouse, usually the wife. For example, if the primary- wage-earning-husband collects too early, not only will his benefit be less than half of what it could be, his wife will get less than half if he dies first. And, since statistically women live on average seven years longer than men, a man making the wrong decision about his Social Security could unnecessarily doom his wife to a life of poverty after he dies. Critical strategies covered in this book include: <ul>
<li>Why you should delay claiming your benefits don t forfeit $214,000 for all the wrong reasons.</li> <li>How to receive larger monthly checks with Cost of Living Adjustments (COLAs) and guaranteed annual 8% raises. </li> <li>How maximizing your benefit can provide your surviving spouse with a long-term security life-line.</li> <li>Optimal marital strategies including filing a restricted application.</li> <li>The financial synergy between Social Security and Roth IRA conversions especially under the new laws.</li> 
</ul> All proceeds from this book go to charity: water, a non-profit organization working in partnership with local organizations to bring clean and safe drinking water to people around the world. What Others are Saying: Read James Lange s excellent book and learn how and when to take your Social Security and retirement accounts. Doing so will pay for itself hundreds if not thousands of times over. --Laurence Kotlikoff, Boston University Economist, co-author of Get What s Yours: Revised &amp; Updated: The Secrets To Maxing Out Your Social Security Social Security is the best income stream available to retirees -- and you want to get as much of this income as possible. But how? To find out, make it a priority to read Jim Lange s brief but fabulously insightful new book. --Jonathan Clements, author of How to Think About Money and former personal-finance columnist for The Wall Street Journal If you spend 60 minutes with this book, you may be able to increase your lifetime income from Social Security by tens of thousands or even hundreds of thousands of dollars. --Paul Merriman, author of Financial Fitness Forever

The $214,000 Mistake: How to Double Your Social Security & Maximize Your IRAs, Proven Strategies for Couples Ages 62-70