Increase Your Income & Protect Your Heirs

In this week’s Hidden Wealth Review, I teach how to add an additional $20,000 a year to your retirement. I’m reminded of John and Pauline. Like many of us, they were very concerned about the future of taxes and the stock market. Over the past 20 years, they hadn’t seen much growth in their portfolio’s value. They were also concerned about unnecessary …

Protect Yourself From The New Tax Threats

In this week’s Hidden Wealth Review, I teach about the difference between the “makers” and the “takers.” The contrast reminds me of House Bill 1587 which promises, among other things, free college, free paid-off student loans and Medicare for all. All of these “free” things will be paid for by you and your retirement account through what’s called the Financial Transaction Tax …

Learn How To Predictably Avoid The Gotchas

In this week’s Hidden Wealth Review, I teach about three common government “gotchas.” Required Minimum Distributions (RMDs). The money you saved into your 401(k) or IRA will trigger RMDs when you are 70.5-years old. This pushes you into a higher marginal tax bracket. As a result, you pay higher taxes on all of your income. Taxes on Social Security. When you’re forced …

When To Save On Taxes For Retirement?

In this week’s Hidden Wealth Review, I teach not to gamble your retirement on next year’s election. If a Democrat gets elected, you will face what I call The New Triple Retirement Tax Threats. Here are those three threats. Repeal of the Step-Up in Basis proposed by Former Vice President Joe Biden. If the step-up in basis is repealed then, when your …