In this week’s Hidden Wealth Review, I teach that the number one regret of retired Baby Boomers concerning their retirement is not considering the impact of taxes more closely before and after retiring. Imagine, saving an average of $10,000 to $40,000 a year for the next 25 years (based on projected years of retirement). This translates into two hundred and fifty thousand to one million dollars of unnecessary taxes. If tax rates go up, the tax savings would be even greater.
I’m reminded of our clients, Bill and Susan. They are both in their early to mid-sixties. Their families are blessed with longevity. Both of their mothers are in their nineties. Bill and Susan understand the tax issue because they see the impact of longevity and taxes within their own families. They don’t want the same predicament for their retirement. After meeting with us, they now understand the difference between tax accounting and strategic tax planning.
Tax accounting is someone telling you annually how much you owe. Strategic tax planning is someone working with you, each and every year, to show you how much less you have to pay.
If you are planning to retire or already retired, you have a great timing opportunity due to the Trump tax reform. Next year is an election year and there are threats that the current tax reform will be totally abolished if a Democrat is elected to the White House.
We use strategic tax planning to enable people to get the money out of their IRAs with little to no tax! This also allows us to teach them how they can reduce their taxes to the lowest amount possible and keep them there, regardless of where tax rates go. The time to act is now because the current tax reforms may be on the chopping block after next year, depending on the outcome of the presidential election. Timing is vital.
This coming Tuesday, I’ll be teaching one strategy where you can have retirement savings and income that grows without tax, you can use the money without tax and you can transfer the money without tax. You will learn how this single strategy avoids market downside losses when the stock market eventually drops!
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.
-Spouses are encouraged to attend this event together-
www.RetirementProtected.com
Or Call
(855) No Tax 2 U
(855) 668-2928
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Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author