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Tired of Taxes
I want to teach you how to remove yourself from the tax system. I want to teach you how to mitigate, if not altogether eliminate, taxes. If you’re tired of taxes and you want to learn how to lower them or you want to discover the tax risk road on which you’re traveling, register for and attend this Tuesday’s Wealth Protection Webinar.
Since the Biden administration took office, many people have reached out to us, concerned about the impact of taxes on their retirement and future wealth in the form of transferred inheritance. The current federal budget deficit is now $430 billion higher than it was last year. $90 billion of this increase is due to higher interest rates that have resulted, in part, from this administration’s drunken sailor spending spree.
As if things weren’t frightening enough, Joe Biden has proposed $4.7 trillion in new taxes to be collected over the next 10 years. In just the last few weeks, the government announced that over $45 billion from the Inflation Reduction Act is going to be spent to find tax revenue to cover what they term “the tax gap.”
Senator Ted Cruz (R-TX) has expressed frustration that one of the proposed revenue options is to collect more tax from tips. This proposal seems at odds with the Biden campaign promise that there would be no new taxes imposed on anyone earning less than $400,000 a year. If they’re going after $1.6 billion of additional taxes from the tips of hard-working, average wage earners, it’s obvious that the government is looking to get taxes from anywhere they can get them.
Let me ask you a question, if the Biden administration is looking to collect more tax from the tips from hard-working, average wage earners, how do you think they view the trillions of dollars that are trapped in tax-deferred IRAs and 401(k)s? Let me teach you how to remove your tax-deferred retirement dollars from the tax system.
Click Here to learn how three of our clients discovered how to enjoy Tax Freedom Day, forever!
Al lives in Florida, Randy is from Colorado and Dave hails from Illinois. They were all looking for ways to reduce their taxable income, knowing that tax rates will be higher in the future. These clients learned how they could have an up to 75% to 80% tax deduction in a unique investment opportunity that earned 15% last year. The current offering is targeted to average 14% to 21% annually.
If you have tax-deferred retirement accounts and you are facing Required Minimum Distributions (RMDs), you can get out in front of those higher tax-triggering RMDs by converting your traditional IRAs to Roth IRAs so that the RMDs don’t force you to pay higher taxes. If you qualify for the previously mentioned tax deduction, you can use it to offset the taxes that would normally be due on converting your traditional IRA to a Roth IRA.
For example, if you invest $100,000 in this vehicle, you create a $75,000, first year tax deduction. You could use this deduction to cover the tax liability on converting $75,000 of your traditional IRA to a Roth IRA. This way, you can use one section of the tax code to save and protect yourself from another section.
But remember, this investment is not just a tax-savings vehicle. Last year, it yielded over 15% net, cash on cash! This is a great way to eliminate or mitigate unnecessary tax while earning a strong return outside of Wall Street and keeping pace with inflation with rates that you can’t earn by keeping your cash in banks.
ARE YOU TIRED OF TAXES & WANT TO LEARN HOW TO LOWER THEM?
You work hard for your money. Imagine, more financial success, less worry, less stress, less taxation and less concern over inflation and market deterioration. Register now for Tuesday’s Wealth Protection Webinar and learn how you can avoid becoming tired of taxes.
To register for Tuesday’s no-cost, no-obligation event, simply follow these four simple steps:
- Go to www.RetirementProtected.com (or scroll down to the form below).
- Select the webinar date/time you prefer.
- Enter your information thoroughly – make sure to double check your email address.
- Click “Reserve My Spot!” to submit, that’s it!
Strong savers in 401(k)s and IRAs and high income earner are the people who will benefit the most from our proven solutions. Proven solutions with a track record of measurable results. Imagine less stress, less worry. Peace of mind retirement protection.
Register for your preferred webinar time now because these events have proven to fill up fast.
Those who attend this event will receive a complimentary copy of my latest eBook:
The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.