In this week’s Hidden Wealth Review, I teach about the top mistakes that retirees make. I recently read two articles on this topic. One article was on Motley Fool and the other was on MSN Money. According to these two articles, the top two mistakes are:
1. Not paying enough attention to taxes.
2. Paying too much in taxes.
In last week’s Hidden Wealth Review, I shared that the biggest regret of retired Baby Boomers is not paying attention to planning for the impact of taxes during retirement. All this is proof positive that taxes are a big issue in retirement. Although we just finished filing our 2018 taxes this month, now’s the time to start your tax planning for 2019.
With taxes in mind, I want to introduce you to one Hidden Wealth Strategy that allows you to not have tax on specific retirement income. This strategy applies to income taxes at the federal and state levels as well as income tax on Social Security. When you use this strategy, your savings will grow without tax, you can use it and spend it without tax and you can leave it to whoever you want, again without tax. With more taxes coming and a proposal to eliminate the stretch IRA, it’s important that you learn how to become a tax-free retiree.
Our clients don’t worry about either the expected or the unexpected politics of future taxes. That’s because they use specific provisions of the tax code to avoid unnecessary taxes on their income and their Social Security. They typically have 20% to 40% more money to spend in retirement because they are tax-insulated.
This coming Tuesday, I’ll be teaching my Wealth Protection Webinar. This no cost, no obligation educational event will teach you a strategy that allows you to legally avoid unnecessary taxes on your retirement savings and income, while also protecting you against stock market crashes and corrections.
To register, go to www.RetirementProtected.com, enter the required information and submit your registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event.
I encourage you to register for your preferred webinar time now, because these events fill up fast. For those who attend this event, I will gift you an e-copy of my latest book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
NOTE: This is a log-on and learn webinar, not a live workshop. You will need a laptop or PC to join. It is strongly suggested that you NOT use an iPad or a handheld device for this event. Our proven retirement and financial solutions are best for people positioning themselves for retirement, those who want to navigate better to or through their retirement, those who have saved $200,000 or more for retirement and people who want to determine if they are maximizing and optimizing their retirement planning. Our solutions are also suitable for Baby Boomers who want to protect their savings from market losses, pay the least amount of taxes on income, reduce or eliminate tax on their Social Security and create a sustainable, increasing, lifetime income for both spouses.
-Spouses are encouraged to attend this event together-
(855) No Tax 2 U
Here’s to your Hidden Wealth,