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How Much Lower Can Your Taxes Be
In this week’s Hidden Wealth Reviews, I teach why right now it’s so important to learn how to legally, ethically and morally cut your taxes. The Tax Policy Center just posted an article that confirms strong savers in IRAs and 401(k)s are the major Biden tax targets. I want to teach you how to insulate your assets and your income from the IRS. I also want to teach you how to get Uncle Sam out of your children and grandchildren’s inheritance.
Things are changing and they are changing fast. The Tax Policy Center article reveals the cost of Roth IRA conversions to the federal government (in terms of lost tax revenue). The article estimates the lost Roth IRA tax revenue between 2019 and 2023 amounts to $1.5 trillion. What the author fails to take into account is the economic impact that these tax savings will have when people spend their tax-free Roth distributions on more goods and services than they could have bought if the amount of their distribution had been reduced by taxes. Some people just aren’t able to see the forest for the trees.
Click Here to discover why it's important to become tax-free in 2023.
Last year, the original language of the Build Back Better Act would have eliminated Roth IRA conversions for higher incomes. Fortunately, this language did not survive in the Senate. This is why it is important to to learn how you can take advantage of this tax-savings solution while it is still available. This week, at my Wealth Protection Webinar, I will be teaching how to take advantage of Roth conversions before they are eliminated altogether.
Many people contact us with questions regarding Roth IRA conversions. It seems that there is a general unfamiliarity with the Roth conversion rules. Currently, there are no income requirements for doing a Roth conversion and there is currently no limit on the amount that you can convert. However, they’ve already tried to change the rules once. You can bet they will try again.
I want to teach you how much lower your taxes can be by cutting your tax bill in 2023. The time to do this is now, before the tax rates go up in 2026. Imagine, less taxation, less worrying about inflation, less losing to taxes, inflation and the market.
Learn more about lowering your taxes in 2023
Let me leave you with this thought from an article in Retirement Daily. A tax professional made the following point about tax planning to and through retirement, “Tax planning throughout the entirety of your retirement can lead to different conclusions compared to tax planning for one year at a time. Instead of asking ‘how can we lower taxes today,’ we need to ask, ‘how can we minimize taxes throughout the next 20-30 years?” This is our tax planning philosophy at The Hidden Wealth Solution. Simply put, it’s what we do.
Let me teach you how much lower your taxes can be by cutting them in 2023. Register now for Tuesday’s Wealth Protection Webinar. Learn how you can have less taxation, less inflation and more lifestyle and legacy preservation.
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!
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!
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.
Spouses and Significant Others are Encouraged to Attend This Event Together
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!