Avoid the 10 Year Tax Squeeze!

In this week’s Hidden Wealth Reviews, I teach you how to avoid the 10 year tax squeeze. I’m speaking specifically to those who are stuck with inherited required minimum distributions (RMDs). Although it’s a blessing to inherit these IRAs, you cannot, unfortunately, convert an inherited IRA to a Roth IRA in order to save taxes. With the new rules this year, you have to take distributions if the parents who left you the IRA had already started taking distributions from the account.

If your parents hadn’t started taking distributions from their IRAs, you can wait up to 10 years to liquidate the account. But I warn you to not get caught in that 10 year tax squeeze. If you get caught in the 10 year tax squeeze, it will cost you a fortune in unnecessary taxes.

To see how you would be impacted, go to TaxesSaved.com and learn why this is so important. I want to give you an example of why you need to go to TaxesSaved.com and request a Tax Savings Analysis.

Ralph is 80 years old and he’s been retired for nine years. Ralph’s complaint was that he was now making more money in retirement than when he was working. Ralph relies on his IRA distributions to live, but the forced RMDs were pushing him into a higher tax bracket, which left him with less income to spend. He also wanted us to work with his adult children so that they didn’t have to deal with the taxes when they inherited his IRAs.

Let me show you why you don’t want to leave inherited IRAs for your children. These inherited accounts will simply force more taxes on your children at a time when they can least afford it. You see, about the time we expire is about the time our children are getting ready to retire. Many beneficiaries are in their peak earning years when they inherit their parent’s IRAs. Over the next 20 years, $83 trillion is expected to transfer between generations. $22 trillion of that is sitting in IRAs and 401(k)s. These accounts are just ticking tax time bombs.

Another client, Steve, discovered the cost of waiting. By letting his account grow just 10%, he would face an additional $300,000 in taxes. A 20% growth rate would cost him another $600,000 in taxes. Steve took action and used just one strategy that created a $500,000 tax deduction which allowed him to convert half of his million-dollar IRA to a Roth IRA. By doing this, Steve and his family saved over $1.2 million in taxes.

Learn More About How To Avoid The 10 Year Tax Squeeze

Let me ask you a question, do you have a portfolio or do you have a plan? The difference is that a portfolio grows your money, but a plan protects it by addressing taxes, legacy and avoiding government confiscation of your wealth. Without a comprehensive, written plan for taxation and legacy preservation, you’re leaving your wealth vulnerable to the government.

Imagine removing taxes entirely from your income and savings. This is how Donald Trump, Jeff Bezos, Warren Buffett, and others legally avoid taxes. They use strategies that eliminate taxes from their assets. Let me teach you how you can do the same.

If you’re ready to stop overpaying your taxes, visit TaxesSaved.com. At TaxesSaved.com, you can request a Saving Tax Optimization Plan (S.T.O.P.) Analysis. This free resource will help you:

1. Avoid the 10-year tax squeeze on inherited IRAs.
2. Eliminate unnecessary taxes using deductions and credits.
3. Grow your savings tax-free while securing your legacy from unnecessary taxes.

Your taxes won’t fix themselves and the cost of waiting is far too high. Take control of your financial future and keep more of what you’ve earned. Visit TaxesSaved.com now to get started.

Don’t let taxes drain your retirement or inheritance. Visit TaxesSaved.com now and take the first step toward eliminating unnecessary taxes and building a tax-free future. Your savings deserve to work for you, not the IRS.

Note: We serve Baby 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!
www.TheHiddenWealthSolution.com