Don’t Let Taxes Devour Your Retirement

by | Hidden Wealth Reviews

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taxes devour your retirement

In this week’s Hidden Wealth Reviews, I teach that experts at Boston College’s Center for Retirement Research have found that 25% to 33% of the money you’ve saved in your IRAs, 401(k)s or 403(b)s will be devoured by taxes (and that’s at today’s tax rates). The cost of living has increased an average of 9% over the past year. Some individual items are up as much as 30% or 40%! Increased prices eventually mean increased taxes. After all, the government has to buy goods and services, too.

Inflation, which had been tamed for so long is now untamed. We’ve been lulled to sleep by the idea that taxes will remain low. Unfortunately, the Tax Cut and Jobs Act (TCJA) will expire at the end of 2025 (maybe sooner). When this happens, all of the tax rates will return to their higher, pre-TCJA levels. People will already be paying higher taxes, but Congress wants to increase taxes even more.

Click Here to learn how our clients, Bill and Sue were able to save their retirement from being devoured by unnecessary taxes.

This past week, we met with Bill and Sue, from Colorado, to complete their Personal Wealth Blueprint. They are both nearing 70 years of age and they were concerned about the Required Minimum Distributions (RMDs) that they must take once they turn 72.

I want to teach you what I taught them; how to eliminate retirement taxes. Combined, they had saved about $2 million in their IRAs and 401(k)s. The weren’t even aware of RMDs until they were already retired. Had they realized their predicament, they would have done Roth conversions to avoid paying the taxes on their RMDs.

Based on normal growth projections, in 10 years, their RMDs will be almost $200,000 a year! Although they don’t need the money, the government is forcing them to take it. This will cause them to pay more tax on their income, tax on up to 85% of their Social Security and higher Medicare premiums.

This week, at my Wealth Protection Webinar, I want to teach you how to eliminate unnecessary retirement taxes. Let me ask you a question, if something is going to devour 25% to 33% of your retirement, wouldn’t you want to do something about it as soon as you can?

You’ve worked hard for your money. Don’t fall into the same retirement trap that Bill and Sue did. Learn how they were able to use a little-known tax deduction to offset the taxes that would have been due when they converted their traditional IRAs to Roth IRAs.

STOP LETTING TAXES DEVOUR YOUR RETIREMENT NOW

Let’s get to work! Learn how you can eliminate unnecessary taxes in retirement by registering for this coming Tuesday’s Wealth Protection Webinar. It’s never too early and it’s never too late to get a head start on being retirement tax smart!

To register for Tuesday’s no-cost, no-obligation, log on and learn financial educational event, simply follow these four simple steps:

  1. Go to www.RetirementProtected.com (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!
www.TheHiddenWealthSolution.com