In this week’s Hidden Wealth Review, I teach that investigation to have less taxation is being proven again and again. We just met with a client who is officially retiring. He has several pieces of highly appreciated real estate as well as money trapped in IRAs. He’s only two years away from being forced by the Federal government to take a Required Minimum Distribution (RMD). That is, until he became aware of something that he never knew.
He is a very successful real estate investor and he’s done well with diversifying his assets. But, because his assets were not tax efficient, he was experiencing over $200,000 in capital gains and dividend taxes. In essence, he was on the road to being the government’s perfect tax payer.
After doing some investigation on his taxation, he now has no tax on his Social Security and no RMDs. Because he can coordinate his income sources, he is able to take advantage of the new tax reform bill’s window of opportunity. As a result, he will be able to remove $180,000 from this IRAs plus $375,000 from his IRA annuities and pay zero tax!
Of course, results are always case-by-case specific. But, if your’re someone who’s saved money in tax-deferred accounts and you’re getting to retirement and looking for a more tax-efficient path to get you through retirement, you want to look at shifting and timing. You need to conduct an investigation specific to your situation for less taxation.
This coming Tuesday, I’ll be teaching an introduction on how to become a tax-free retiree in my Wealth Protection Webinar. This no-cost, no-obligation educational event will teach you how you can untax your IRAs and create a tax-free income that won’t tax your Social Security income.
To register, go to www.RetirementProtected.com, enter the required information and submit your registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event.
I encourage you to register now because these events fill quickly. Just for registering and attending, I will gift you an e-copy of my latest book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
NOTE: This is a log-on and learn webinar, not a live workshop. You will need a laptop or PC to join. It is strongly suggested that you NOT use an iPad or hand held device for this event. Our proven retirement and financial solutions are best for; people positioning themselves for retirement or who want to navigate better to or through their retirement. People who have saved $200,000 or more for retirement. People who are wanting to determine if they are maximizing and optimizing their retirement planning. Boomers who want to pay the least amount of taxes on income, reduce or eliminate tax on their Social Security and create a sustainable, increasing, lifetime income for both spouses.
-Spouses are encouraged to attend this event together-
Or Call
(855) No Tax 2 U
(855) 668-2928
Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author