Please Click the Video to Watch This Important, Short Message
In this week’s Hidden Wealth Reviews I teach about election tax protection. There’s a lot of uncertainty going into next week’s presidential election. Many of you have reached out to us, asking what you can do to provide certainty in this uncertain time. I want to speak to both those who are trying to get to retirement and those who are trying to better get through retirement.
Late this past week, I met with some clients who have saved around $2.8 million in tax-deferred IRAs and former 401(k)s. We were able to save them just short of $500,000 in federal and state taxes, by using just two strategies.
We see retired clients who are looking for more income, clients who are still working and are high-income earners and clients who have saved most of their retirement money in accounts that have yet to be taxed. We have an insightful report on legislative retirement risk that we share when we meet with clients. The proposed tax rule changes are geared toward the prevention of clients being able to get their retirement savings un-taxed.
Many of the people with whom we meet tell us they want a written, comprehensive retirement plan. I believe that everyone who is serious about retirement deserves such a document. Our plan is a full wealth optimization plan. A client recently told us that he wanted not just his well-deserved written retirement plan, he wanted to build wealth!
Whether you’re looking for more income, looking to pay less tax, trying to decide the most opportune retirement date, when to take Social Security, when to Roth convert, etc., you need a well-deserved, written, comprehensive retirement and wealth optimization plan. Such a document is vital for current and future planning.
This coming Tuesday, at my Remove Your Wealth from Washington webinar, I will be teaching strategies that provide four to ten times the invested amount in tax deductions. To register for this no-cost, no-obligation, financial educational event, go to RetirementProtected.com. If you have never joined us or it’s been a while since you attended one of our events, I want to talk to you about these four to ten times deduction strategies.
How Big is Your Retirement Tax Bill?
Learn More About Election Tax Protection
At this time of the year, if you are looking for a written wealth optimization plan, you’ve got to move fast due to the unknown election fallout. We use special designed indexing strategies instead of just the traditional, big box brokerage investing portfolios. Our clients are looking for a plan, not just a portfolio. We also use institutional investing through our fiduciary team of CFPs. We have wealth and tax teams who will show you how you can get more return with less risk using strategic tax savings planning that you can do to still before the end of the year.
The clients for whom we saved $500,000 in taxes used a $250,000 investment to create a $1,000,000 tax deduction! They are also using a little-known tax credit that removes $100,000 increments of Federal taxes. These credits are currently being sold at a $70,000 discount. All told, they were able to use $320,000 to save approximately $500,000 in tax.
They will enjoy the long-term economic benefit of moving $1.4 million of their traditional IRAs to Roth IRAs without the worry of tax-increasing required minimum distributions (RMDs) and they will also avoid inheritance taxes to their adult children. Using the four times tax deduction and the tax credit programs allowed them to offset the tax that would have ordinarily been due on their Roth conversions.
You work hard for your money. Imagine, more financial success, less stress, less worry and less tax.
If you’re a high-income earner or if you’ve had higher than usual income this year because you divested out of highly appreciated assets, sold a business or had to take large RMDs, let me teach you, this coming Tuesday, how to get a great head start to being tax smart. We are already scheduling appointments out into the new year. The Tax Cuts and Jobs Act expires next year so the time to act is now, while the tax laws still allow you to get your money out of the tax system.
Get a well-deserved, written, comprehensive retirement and wealth optimization plan. The first step is to get election protection by registering for Tuesday’s webinar by following these four simple steps:
- Go to www.RetirementProtected.com.
- Select the webinar date/time you prefer.
- Enter your information thoroughly – make sure to double check your email address.
- Click “Reserve My Spot!”
Once you’ve registered, you’ll receive an email containing a personal access link to join Tuesday’s event.
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
