Improving our
clients lives!

$

FOUNDER
RAY C. LYNN,
C.P.A.
(1888-1960)

Lower Peninsula Office

1300 N. Waverly Road
Suite 2
Lansing, Michigan 48917
Phone: (517) 321-1853
Fax: (517) 321-2124

TOGETHER
we can help you
make the
most
of your tax deductions
this year.

Upper Peninsula Office

P.O. Box 187
W11650 W. US-2
Naubinway, Mich. 49762
Phone: (906) 477-6808
Fax: (906) 477-6014

Withdraw your retirement money as
tax efficiently as possible.
One way to do
this is by accessing your taxable accounts
first while letting your tax-advantaged
plans, such as 401 (k) plans and IRA's, continue to grow tax-free.
Be sure, however, that you meet the
IRA's minimum distribution levels on
your retirement savings accounts
in order to avoid
unnecessary penalties.

Despite years of
saving and investing
your money wisely.
Your
retirement savings
might end up falling
short of your
expectations.
Instead of
shrugging your
shoulders & planning

Consider relocating.
Move to region where the cost
of living is lower than your present
area. There are several relocating
calculators available online
(such as homefair.com)
that can compare how your current
level of income will measure up in
different cities across the country.
Before taking the leap, however, factor in
moving expenses and inconveniences such as leaving friends and family.

Get a job during your
retirement years.
Many people find working after
their retirement years
rewarding and fulfilling.
Consider launching a second career
or working part-time in an environment
you enjoy. By bringing in additional
income, you will be able to
decrease the
amount of money you need to
withdraw from your retirement
accounts, allowing them to continue
to grow and stretch out over a
longer period of time.

to cut out
some of your
retirement plans,
try some of these techniques
to squeeze a
few more dollars
out of
your assets.
Before applying
anything you read to
your personal or
business situation,
you should contact us first.

Consider taking out a reverse
mortgage on your home.
It will allow you to borrow money against
the equity of your home.
The amount you can borrow will be
based on
your age, interest rates and the
value of your home.
Watch out, however, for high fees
and keep in mind that your heirs
will need to repay the loan in the future.
If you're approaching your retirement
years, give the office a call.
Together we can discuss how to make
the most out of your retirement savings.

Our staff is saddened to
regretfully announce
the death of our
father and leader,
Harvey W. Lynn, C.P.A.,
who passed away on
December 11, 2000,
after a brief illness.

His son
Lawrence R. Lynn, C.P.A.
is proud to carry on the
family business.

Visit
our
Web Site

www.
accountant-city.com/
lynncpa

More than 20 years
experience in
accounting and tax
preparation.

Specializing in
small business bookkeeping,
business & personal
tax preparation,
management consulting
& IRS audits.