Bill wanted to take a concert road trip with his buddies. He didn’t have the cash, but he did have money in his IRA. So Bill did what a lot of people would; he took an extra $1,000 out that month and took the trip. What he didn’t realize is that a Tax Torpedo was waiting for him. You see, Bill thought he would just pay the regular 22% tax rate on that money. Instead, he was hit with a 40.7% tax rate. That is an extra $187 he wasn’t expecting to pay. Don't be like Bill. We can run your specific situation through our sophisticated tax planning software and create your personal tax map. Give us a call to schedule your meeting.