In this week’s Hidden Wealth Solution Insight I teach that tax time is upon us and that you can have a tax-free retirement savings and income solution! I recently met with someone who was astonished to learn that he could have tax-free growth, tax-free access, tax-free distribution and tax-free transfer of his retirement savings.
These features are really important right now because the Obama administration wants to regulate retirement plans. The proposed regulations include an excise tax that penalizes those that have saved well. Another planned change would reduce the cap on annual contributions to Roth IRAs. But perhaps the most alarming proposal involves non-spouses inheriting 401(k)s or IRAs. This proposal would require non-spouses that inherit a 401(k) or IRA to distribute the total amount of the account no later than 5 years after their inheritance.
Statistically speaking, the time that most of us expire, is approximately the time that our children retire. In essence, this means our children will be forced to take a large distribution during what are probably their highest wage earning years. The end result is that about half of the value of the 401(k) or IRA that your children inherit will go to the government in taxes.
If you don’t want the IRS to be your biggest beneficiary, let me teach you, this coming Tuesday, how to avoid that. To learn, simply register for my Tax-Free Retirement Webinar. I want to teach you how to get Uncle Sam out of your 401(k), out of your IRA and how you can avoid having up to 85% of your Social Security taxed.
Please join us for this no-cost, no-obligation educational webinar. Learn how to get the government out of your retirement! To register for this coming Tuesday’s event, simply click the link below or call our toll free number.
www.RetirementProtected.com
Or call:
(855) No Tax 2 U
(855) 668-2928
If you want to learn how to stop the government from becoming your biggest beneficiary, you must hurry and register because these events fill up quickly.
Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author