Episode #299: If Taxes Never Increase Again, Won't My Retirement Be Safe? By Luke Geller | September 11, 2023 Life Insurance, Money Script Monday Share this post Share Tweet Share with a client Share with a colleague In 1970, Stanford conducted a psychological study in which children were offered a marshmallow and given a choice between eating the marshmallow immediately or waiting 15 minutes to be rewarded with two marshmallows. Appropriately named “The Stanford Marshmallow Experiment,” this famed study on delayed gratification demonstrates that if you can stand the wait, two delayed rewards are better than a singular immediate one.When it comes to retirement, there are a variety of strategies at your disposal. The real question is, would you choose an account that gives you one marshmallow now or two marshmallows later on? In this episode of Money Script Monday, Luke provides a story reflecting various retirement plans to demonstrate how taxed, tax-deferred, and tax-free account structures can drastically affect an individual’s retirement. Resources Provided for This Episode Video TranscriptionWhiteboard ImageWant consumer-friendly videos sent to your inbox every week? Sign up to receive to receive LifePro's weekly Money Script Monday video series providing financial clarity, dispelling myths, and showing you how money works in 10 minutes (or less). Subscribe now! Have any questions? Give us a call at 888-LIFEPRO or email us at email@example.com.Want to learn more about how we can help with your unique financial situation? Fill in your contact information below, and we'll get started right away! About Luke GellerLuke Geller is a Field Support Representative at LifePro. He coaches hundreds of financial professionals on how to build effective financial strategies that achieve their clients' long term goals and helps them stay educated on the latest industry trends.