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In this week’s Hidden Wealth Reviews, I teach how you can learn to save $50,000 to $500,000 in taxes in five minutes. To learn the concepts behind this, register for this coming Tuesday’s Remove Your Wealth from Washington webinar.
I want to talk about tax credits and tax deductions. We recently met with two clients who were able to learn, in just five minutes, how to save over $500,000 in unnecessary taxes. One client did this by saving the taxes off of their income. The other client did this by not having to pay the Roth conversion tax when he converted a large amount of savings from traditional IRAs to Roth IRAs. We were able to show both of these clients how to do this in just five minutes. Now, of course, they had to learn the concepts and strategies beforehand so the entire process did take a little longer than five minutes initially but, the good news is, once we had the tax planning team and our wealth team on the same page, they could see their savings in just five minutes. I’ll be teaching these same concepts and strategies at Tuesday’s webinar. To register for this no-cost, no-obligation financial educational event, go to www.RetirementProtected.com.
You deserve a written retirement plan that addresses taxes, inflation, legacy and wealth optimization. We have credentialed tax and tax-planning professionals on our team from top tax savings CPAs, CFPs and CFAs. We can remove your unnecessary taxes and build a personal, written, comprehensive plan that will prevent unnecessary taxes today and keep them away in the future. Learn how you can earn higher returns with less risk and without the tax.
The philosophical difference between the administration that won the election and the one that lost the election is simple. One philosophy resulted in 40-year high inflation and was enthusiastically finding new ways to spend and tax. They planned their spending and funding spree by taxing more and more. The incoming administration is enthusiastically cutting taxes and spending, going as far as appointing a cost cutting secretary position to eliminate fraud, waste and abuse.
The Harris campaign raised and spent over $1.6 billion yet it now has a $20 million deficit. This deficit is just what they overspent on their presidential campaign. Imagine the havoc they would have wreaked on the national economy had their campaign been successful!
The economy got a big jolt when Donald Trump was elected. They’re calling it the “Trump bump.” Because of the Trump bump, many account balances are now on the rise. The danger with rising account balances is that, if you’ve not converted your traditional IRAs to Roth IRAs, you are actually creating a higher tax for yourself and family in the future because you’ll now have to Roth convert a larger amount of money. A client recently asked me if he should Roth convert now, even if he still has high income. My reply was that he should convert now because the cost of waiting is more tax.
By using a specific tax deduction and a tax credit program, the clients whom I previously mentioned were able to save $500,000 of taxes this year! Imagine, getting to keep $500,000 that would have otherwise gone to the IRS. That’s $500,000 of their money that they saved from Washington’s war on wealth!
They also used another strategy, approved by our tax team, that allowed them to recover $300,000 of taxes from prior years. All told, they are getting back $300,000 and saving $500,000. Between now and next year, their written tax plan will have the IRS out of their IRAs and Uncle Sam out of their heirs’ assets.
How Big is Your Retirement Tax Bill?
Learn How To Save on Taxes Now
Now is the time to take action! Even though the financial future looks brighter after the election, we don’t know how our huge $36 trillion national debt and deficit combined with this lingering inflation will impact the economy. Taxes are sure to go up to cover the deficit, regardless. The cost of living will also increase. Now’s the time to get your tax-deferred balances converted to Roth IRAs because, the longer you wait, the higher the tax. Timing is the key.
Our business owner clients discovered that they were giving up a third of their annual income to Uncle Sam. They literally had a 33% partner in their business and they didn’t know how to get rid of him. We got rid of that unwanted business partner in five minutes by showing them a strategic tax plan that enables them to retire sooner, keep more of what they’ve earned and put that money back into the business and their retirement in such a way that the money will have more return, will not suffer market losses and will never be taxed again.
You work hard for your money. Tax planning isn’t philosophical, it’s financial. To learn how you can save $50,000 to $500,000 in five minutes, follow the four steps below:
- 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
