Jack Phelps, founder of The Relaxing Retirement Coach, warns retirees that a common mistake could cause a huge percentage of their assets to be lost to the government.

Wellesley, MA – October 12, 2012 – Jack Phelps, founder of The Relaxing Retirement Coach, a Retirement Coaching company, recently published a blog on his website (http://www.theretirementcoach.com) warning of a tax hazard facing the children of retirees. The blog, titled “The IRA Hazard Awaiting Your Children” notes that a simple mistake could cause a huge percentage of a retiree’s assets to be paid to the government.

Jack Phelps writes, “If there’s a thought that drives a lifelong saver crazy, it’s the specter of his or her lifelong savings ending up in the hands of the government!”

The Relaxing Retirement Coach, Inc. provides their members with the ‘missing structure’ they need to make a seamless and relaxing transition to their retirement years so they can confidently do everything they want to do without worrying about money.  Their Relaxing Retirement Coaching Program™ provides members with a personalized, one-on-one retirement coaching relationship with constant attention to each and every detail necessary for them to consistently enjoy a relaxing retirement experience.

The entire blog can be found at http://www.theretirementcoach.com/blog/the-ira-hazard-awaiting-your-children-3.php

To learn more about The Relaxing Retirement Coach, Inc., please visit http://www.theretirementcoach.com

About Jack Phelps

Prior to developing The Relaxing Retirement Coaching Program^™ back in 1994, Jack spent five years as a registered representative with Prudential Financial Services. In 1992, he received his Chartered Financial Consultant designation from The American College in Bryn Mawr, Pennsylvania. In 1989, Jack graduated from Holy Cross College in Worcester, Massachusetts with a B.A. in Economics.