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In 2014, I wrote a 6-part series on Social Security Strategies with the first article, “How Social Security Strategies Affect Your Retirement”, 5/23/2014 AZ Republic by Dr. Harold Wong. The average retirement benefit was $1,294. For older Baby Boomers, full retirement age for purposes of Social Security (SS) benefits is 66. Only 5.2% of men waited until age 66 and only 1.2% waited until age 70 to take SS retirement benefits. Example: if SS benefits at age 66 were $2,000 per month, it would only be $1,500 at age 62 and $2,640 monthly at age 70. So why don’t people maximize their SS benefits?

This article covers long-held retirement rules of money that people have heard for decades.

According to recent research (see, “How Social Security Strategies Affect Your Retirement”, May 23, 2014 AZ Republic by Dr. Harold Wong), the average Social Security check to retired workers in 2012016-03-26 06:01:474 was $1,294 per month. Clearly, this is not enough to live on for a single woman. If the amount is doubled for a couple, it’s still not enough to have a comfortable lifestyle.

Warren Buffett is the 3rd wealthiest person in the world and is also known as “The Stock Market King”. The Rockefeller Trust was used extensively by John D. Rockefeller, who was the wealthiest man in the world 150 years ago when he consolidated the oil industry. Both were super wealthy titans of their eras. Given their unique perspectives on making money, what would Buffet like about the Rockefeller Trust.

Warren Buffett is known as “The Stock Market King”. He was recently ranked the 3rd wealthiest person in the world. He is known for many of his sayings about keys for success in investing and life:

The first 2 weeks opening in the U.S. stock market was considered the worst opening 2 weeks ever. This negative performance also occurred in other stock markets in Europe and Asia. On January 12, 2016, the Royal Bank of Scotland said “Sell everything except high-grade bonds”. Now that we have passed February 15, 2016, many stock markets around the world have dropped 10-20% in value.

Warren Buffett says that very few people exhibit common sense in their investments and financial strategies. This article will focus on comparing how most view the Traditional IRA versus using two advanced strategies: the Roth IRA and the Multi-Generational IRA (MGIRA).

These are very advanced planning tools that are very different from what 99 percent of individuals use. Ed Slott, the nation’s most quoted expert on advanced IRA strategies, says that at most 2% of CPAs specialize in advanced IRA strategies and very few attorneys understand these strategies.