In this week’s Hidden Wealth Review, I teach how to achieve a zero percent tax rate in retirement. That’s zero percent not because you don’t have income, but zero percent because you have no taxable income.
This week, I met with a couple who were paying an extra $360 a month on their Medicare Parts B and D supplements, due to the taxable income they receive from their IRAs and 401(k)s. In addition, 85% of their Social Security income was also being taxed. That was costing them another $600 a month. They were disheartened because they had to learn about this retirement trap the hard way. The price they were paying for this education was about $1,000 a month! All because they didn’t know how to be a tax-free retiree.
The retirement tax trap can be avoided. This tax season, don’t settle for tax accounting, look for tax planning. I’m reminded of the client we helped this week get the remaining money from an old 401(k) completely out of the IRS’s crosshairs. Even though taking the money out created a tax, we were able to use another section of our tax code to offset the taxes he owed on the 401(k). The net result? He got all of the money out of his 401(k) without increasing his taxes.
There are strategies that can allow you to become a tax-free retiree. You just need to take the time to learn them and then apply them. If you’ve saved $100,000 or more for retirement or you are currently saving at least $2,000 a month, I want to teach you an introduction to how you can eliminate taxes on your retirement income, taxes on the growth of your money and taxes on the transfer of your savings to the next generation. In addition, I can teach you how to avoid being exposed to this crazy stock market roller coaster ride. Our clients, using the strategy that I will be teaching this Tuesday, don’t lose money to taxes and they don’t lose money to the stock market.
Let me teach you an introduction to just one of the ways you can protect yourself from unnecessary taxes. This coming Tuesday, I will be teaching my Retirement Protection Webinar. During this log-on and learn event, you will discover how to avoid losing money to taxes and how to stop losing money to the stock market.
To register for this no-cost, no-obligation educational event, simply 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. These events fill quickly so hurry and register. Just for registering and attending, I will gift you an e-copy of my book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
-Spouses are encouraged to attend this event together-
Or Call
(855) No Tax 2 U
Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author