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tax time

In this week’s Hidden Wealth Reviews, I teach how to avoid the concern of having a ticking tax time bomb retirement. Imagine, not laboring over losing your retirement to taxes! This coming Tuesday, at my Wealth Protection Webinar, I’m going to teach you how to defuse these time bomb accounts.

I will be teaching how you can use strategic Roth conversion timing and or a strategic Roth deduction strategy to offset the taxation when you move money from a traditional IRA to a Roth IRA. This is a tax strategy that many Baby Boomers and retirees from across the country have used to get their retirement savings out of the tax system.

Many clients come to us frustrated over the inability of their current financial planners and tax professionals to address the issue of saving taxes in retirement. The tax professional tells them to speak with their financial planner and the planner tells them they really need to ask their tax professional. No one wants to discuss the large elephant in the room.

The biggest retirement trap for strong savers and high-income earners is tax. The regret that many of them end up having is that they pumped money into their IRAs and 401(k)s and now they’re having to grapple with the concept or the tax exposure reality of Required Minimum Distributions (RMDs). I refer to RMDs as Retirement Mass Destruction. RMDs force people to (sometimes) unnecessarily withdraw money from their retirement account and then pay taxes on that income. Over time, this lowers the value of the account, thereby leaving less money for their families when they pass.

An article by David McClellan on asks, “Is your retirement portfolio a tax bomb?” The author warns that the 401(k) or traditional IRA that you worked so hard to build could become a big problem in retirement. Not only will it result in huge tax bills, it can also trigger higher Medicare surcharges. We have clients come to us who have experienced this. Sadly, it could have been prevented!

Click Here to learn about a shocking illustration from the article and how one of our client couples were able to learn how to defuse the ticking tax time bomb they were building.

The article uses the example of a couple in their forties who had saved $500,000 for retirement. They were getting a $6,000 annual match from their employers and they maximized their personal contributions every year. When they reached age 65, their 401(k)s were worth $7.3 million!

Unfortunately, when they reach the RMD age of 72, their first RMD is over $435,000. By age 80, their RMDs are over $739,000! Over this time (assuming they live to age 90), they will have paid over $1.5 million in additional Medicare surcharge premiums, which is simply another form of tax.

I ran some math and, in this example, they will end up leaving $16 million to their family. Over their lifetimes, their total tax on today’s $500,000 401(k) (at today’s tax rates) is over $15.3 million!

If you want a best case projection of the total tax you will be exposed to, try the following exercise. Take all of your IRAs and 401(k)s (for both spouses if you are married), total them all up and, if you have anywhere close to a 30 year period in retirement, your taxes (at today’s rates) will be four times more than your current total account balances.

I’m reminded of our clients, Don and Mary, from Illinois. They are in their early sixties. They saw what RMDs did to their parents and they came to us seeking tax mitigation strategies. Before we met, they had no idea that the strategies we showed them even existed. They had heard about some of them, but didn’t know the best way to go about implementing them. Let us teach you what we taught Don and Mary.


At Tuesday’s Wealth Protection WebinarI will teach you what you can do to protect yourself from unnecessary taxes by defusing your ticking tax time bomb retirement accounts. You’ve worked hard for your money. Let’s get to work to protect it from unnecessary taxes.

Imagine, a retirement free from ticking tax time bomb accounts. To learn how you can do this, register for Tuesday’s Wealth Protection Webinar. At this no-cost, no-obligation financial educational event, I will teach you how to remove your retirement from the tax system and become a low tax or no tax retiree.

To register for Tuesday’s event, simply follow these four simple steps:

  1. Go to (or scroll down to the form below).
  2. Select the webinar date/time you prefer.
  3. Enter your information thoroughly – make sure to double check your email address.
  4. Click “Reserve My Spot!” to submit, that’s it!

Once you’ve registered, you’ll receive an email containing a personal access link to join Tuesday’s event. Don’t forget to add it to your calendar!

This misguided administration’s plans are targeting corporations with higher taxes, claiming this will result in taming inflation. The result will be weaker market returns and increased taxes on higher income earners and strong savers in 401ks and IRAs. These are the people who will benefit the most from our proven solutions. Solutions with a track record of measurable results.

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.

CHuck Oliver Retirement Breakthrough

Spouses and Significant Others are Encouraged to Attend This Event Together

Note: We serve Boomers and Retirees all over the Unites States. We have an efficient, supported process to meet online, as have been doing for over 20 years. Our online meetings are private, the access is restricted and we never share our meeting link with anyone who’s not a part of the meeting.

Chuck Oliver
Wealth Strategist | Best-Selling Author
We help Baby Boomers and Retirees thrive in retirement through a clear retirement road map that provides market correction and tax protection to optimize income and assets!