Retirement Planning by Natalie Choate: A Review

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Americans have over $25 trillion in various tax favored retirement vehicles. They are called tax favored because they grow free of income tax. Albert Einstein said two things most of us can understand and agree with: (1) compounding is the most important power in the universe and (2) the hardest thing in the world to understand is the income tax. A corollary we can derive is that income tax free compounding is the most important aspect of successful financial planning.