IRAs & 401(k)s Under Massive Tax Attack!

In this week’s Hidden Wealth Review, I teach more about the Trump tax reform plan. There is still additional uncertainty for those of us who worked hard and saved our money in tax-deferred accounts such as 401(k)s and IRAs. These accounts are now under massive attack! Questions swirled last week as to whether the tax reform plan would involve the 401(k). I assure …

Treasury Secretary Warns of Market Plunge!

In this week’s Hidden Wealth Review, I teach that the Secretary of Treasury, Steve Mnuchin, recently said that if Congress doesn’t pass the Trump tax reform bill, the stock market will plunge! Ironically, he shared these insights on the 30th anniversary of “Black Monday,” the largest single day drop in the history of the market. I want to teach you that, if …

Is your IRA really an IOU to the IRS?

To start this week’s Hidden Wealth Review, I want to ask you a question. Is your IRA really an IOU to the IRS? If you’re reading this and you have annual income of $50,000 to $150,000, the Brookings Tax Policy Center just reported that three out of ten middle income families will experience a tax increase under the Trump tax plan. If your income …

Higher Taxes are Coming; Avoid Them!

In this week’s Hidden Wealth Review, I teach that the “tax gotchas” just keep on coming. I want to share a story about a client who works for the federal government. He is fed up with the tax that he has to pay back to the government due to his federal government employee retirement plan. The Required Minimum Distributions (RMDs) are causing …