In this week’s Hidden Wealth Review, I teach about retirees greatest retirement regret. A Nationwide Retirement Institute survey found that nearly four out of 10 retirees say that their biggest regret is that they didn’t consider the impact of taxes on their retirement.
Former Federal Judge, Learned Hand once said that there are two tax systems in the U.S.; one for the informed and one for the uninformed and both are legal. I want to teach you how to get your IRAs out of the IRS’s crosshairs.
This is important right now, in light of the Green New Deal. It’s not such a deal and all the free stuff it provides is going to cost you a lot of green. Webster’s Dictionary defines free as, “costing nothing.” Those of us who have worked hard and saved hard know there’s no such thing as free. I want to teach you how to free yourself from unnecessary federal taxes. This year, managing taxes and planning for retirement may be more complicated since we have to navigate changes related to the Tax Cuts and Jobs Act (TCJA).
We recently met with a client who was over 70.5 years old. His problem was that he had not considered the impact of taxes on his retirement. Because of his age, he was forced to take Required Minimum Distributions (RMDs). This caused him to become the government’s perfect taxpayer. By the time the smoke cleared, 85% of his Social Security income was being taxed, he was paying a $300 a month Medicare Provision Penalty and his brokerage account had severe tax inefficiencies. All told, he was paying between $36,000 to $40,000 a year of unnecessary tax!
We were able to convert over $600,000 of his IRA to tax-free lifetime income. We used a Tax-Free Family Wealth Transfer technique so that all of his retirement savings will now pass tax-free to his two daughters. We eliminated the Medicare penalty and un-taxed his Social Security. The end result was that we put $36,000 back into his pocket. This was money he was formerly paying to the government in taxes. He now has more money to travel so he can visit his daughters and grandchildren more often.
This coming Tuesday, I’ll be teaching my Wealth Protection Webinar. This no cost, no obligation educational event will teach you one of our proven strategies with a track record of measurable results. Instead of focusing on your tax return, this webinar will get you focused on the return of your tax. Imagine, learning a strategy that grows your money without tax, allows you to use your money without tax and then allows you to leave that money to others, again with no tax.
Don’t follow the traditional retirement advice and save your money in IRAs or 401(k)s. This fraudulent retirement scheme is designed to make you the government’s perfect taxpayer. I want to teach you a better way to save, grow, protect and keep more of your money for yourself. Learn how to un-tax yourself and get the IRS out of your IRAs.
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 hand held 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-
Or Call
(855) No Tax 2 U
(855) 668-2928
Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author