Hopefully your working clients are maxing out opportunities to save all they can into 401(k)s, IRAs and Roth IRAs. Those who still have money left over should consider purchasing Series EE savings bonds with any extra funds. In the short term, they will get yields equivalent to rates currently paid on money market accounts, along with maximum liquidity and safety.But if the clients can hold the bonds for two decades, they will receive a 100 percent total return on their initial investment, and can cash the bonds in with no penalty to either spend as they please or invest elsewhere. Yes, there will be taxes due on the interest at that time. But since the clients will be retired, they will likely be in a lower tax bracket than if they had declared the interest while working.
Source: The Secret Feature of Series EE Savings Bonds
One reason that financial planning should start with estate planning is that your attorney, as an objective fiduciary, can guide you through some pretty dangerous waters. Go to http://Protect.LIFE and arrange your free estate plan design meeting.