RMD Means Retirement Mass Destruction!

In this week’s Hidden Wealth Reviews, I teach that RMD really means retirement mass destruction! The term RMD traditionally stands for required minimum distributions but, if you’re someone who’s facing RMDs or who is already taking RMDs, you may or may not be aware of the government’s double tax trick and the widow’s tax penalty. If you would like to learn how to avoid these, register for and attend this coming Tuesday’s Remove Your Wealth from Washington webinar at www.RetirementProtected.com.

If you’ve been a strong saver ($1,000,000+) in tax-deferred accounts such as 401(k)s and IRAs and you want to know the tax risk road you’re traveling and how to tax efficiently re-route yourself, now is the time to get your serious savings safe from higher taxes. While the presumed Democratic ticket favors historically higher taxes, taxes are certain to rise, regardless of who wins the November election. Higher taxes are necessary because our government is drowning in its own debt! Seventy-six cents of every tax dollar the government collected in June was spent just to cover the interest on our national debt. There are only three ways for the government to get out of this predicament: 

1. Cut expenses.
2. Raise taxes.
3. Do both.

Let me teach you how to strategically avoid unnecessary taxes. Join me this coming Tuesday for my Remove Your Wealth from Washington webinar. Washington has declared war on your wealth! There are plans to change the rules to prevent you from converting your traditional IRAs to Roth IRAs so now is not the time to sit on the sidelines.

One of the things I will be teaching Tuesday is the truth about RMDs:

1. RMDs are taxed as ordinary income.
2. You’re penalized (25%) if you don’t take your RMDs.
3. RMDs are unavoidable unless you know how to strategically remove them from your financial equation.
4. Roth IRAs don’t have any RMDs.

We recently met with a client who is in what I call the “Dynamic Decade” (ages 63 to 73). This 10-year period is not one to spend sitting on the sidelines because critical decisions are needed and the earlier these decisions are made, the better. The costs of waiting to take action are outrageously high. If your financial professional is telling you that taxes are “just part of the equation” or that you need to talk to your CPA about taxes, then you don’t have your own tax plan. You have what I call the government’s perfect taxpayer plan! Let me teach you how to remove yourself from this plan.

Imagine, removing your income and assets from the tax system. Go to RetirementProtected.com and learn exactly what our client Dan just discovered. Dan had saved about $1.3 million in IRAs and 401(k)s. He learned that the tax that will be paid over his and his two daughters’ (who will inherit his accounts) lifetimes is approximately $1.3 million, his current account balance. This is assuming conservative account growth and moderate taxes increases. This projection is as good at it will get but the final tally will predictably be much higher.

Learn More About The Truth of RMDs

We help our client’s get more return with less risk. But, if you don’t address taxes as well, you’re just setting yourself up for a bigger tax liability in the future. Learn to control what you can control.

We can’t control the outcome of the election. We can’t control international conflicts and tensions and we can’t control political assassination attempts. What we can control are our taxes! Let me teach you how.

If you’re serious about removing yourself from Washington’s war on wealth, you need to act now, while tax rates are low and before the rules are changed to prevent you from Roth converting your tax-deferred accounts. Let me teach you how to use tax credits and tax deductions to avoid paying the conversion tax out of your pocket. Our unique solutions allow you to avoid unnecessary taxes on your Social Security, your Medicare premiums, your income and your children’s inheritance.

Avoid your retirement mass destruction! Register for Tuesday’s webinar by following these four simple steps:

1. Go to www.RetirementProtected.com (or scroll down to the form below).
2. Select the webinar date/time you prefer.
3. Enter your information thoroughly – make sure to double check your email address.
4. 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!

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