Tax Elimination in Retirement

by | Hidden Wealth Reviews

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tax elimination

In this week’s Hidden Wealth Reviews I teach about the importance of tax elimination in retirement. There are two tax codes in our country; one for the informed and one for the uninformed. Become informed.

Ideally, tax elimination should begin before retirement. Remember, it’s never too early and it’s never too late to get a head start to be sure you’re being retirement tax smart. Many retirees have shared that they wished they had started tax planning sooner. As a result of not starting their tax planning early enough, they were blindsided by higher than expected taxes.

Looking at the inflation numbers that have come in over the last few weeks, the price of everything (on average) is up 9% over this same time last year. Many people have been lulled to sleep about taxes because all of the focus is on inflation (which is just another form of taxation). This administration’s drunken sailor spending is going to cause those of us who have worked hard and saved hard to pay more tax for all the proposed spending.

Tax rates are not going to stay low. Taxes are going up for certain just due to the Tax Cut and Jobs Act (TCJA) that expires (as of now) at the end of 2025. There are rumors that the current administration wants to abolish the TCJA before the end of 2025. Just as we’ve seen inflation spiral upwards, many people are now worried about taxes spiraling out of control. Boston College’s Center for Retirement Research recently noted that, on average, 25% to 33% of money saved in tax-deferred accounts such as a 401(k) or traditional IRA will be devoured by taxes. It’s time to get serious about taxes!

Click Here to learn how our clients, Bob and Cindy, from Colorado, got serious about saving taxes and were able to keep themselves from being taxed to the max.

Bob and Cindy asked me, “With so much future tax, how can we protect our assets from taxes?” The time to protect yourself from taxes is when you have insight in how to best use the tax code and the rules (as they exist today) to your advantage. What you need is asset protection and tax protection. One of the best ways to protect yourself from inflation is to get rid of unnecessary taxation. Taxes are just another form of inflation!

We now have a double-edged sword; a higher cost of living and higher coming taxes. Many people are fearful of what they’re going to be able to do. Should they postpone retirement? Should they lower their lifestyle? I don’t really think that any of us signed up for either option. We are all working hard and saving hard so that we can retire well and stay retired well.

This Tuesday, at my Wealth Protection Webinar, I will teach you exactly what Bob and Cindy learned. Using one little-known tax deduction, they were able to offset the taxes that would have normally been due when they converted their traditional IRA to a Roth IRA. This one strategy saved them from unnecessary taxes because they got their retirement savings out from under Uncle Sam!

Many Baby Boomers and retirees tell us that they are concerned because they see the tax impact that Required Minimum Distributions have on their parents’ income taxes. Let me teach you how to eliminate taxation from your retirement and from your inheritance.

LEARN MORE ABOUT TAX ELIMINATION IN RETIREMENT

You’ve worked hard for your money. Learn what you can do to eliminate unnecessary retirement taxes. Learn how to stay ahead of inflation by removing unnecessary taxation. Don’t let what you worked so hard to build be devoured by taxes. The key is having a better plan. To learn how, register for this coming Tuesday’s Wealth Protection Webinar. Let’s get to work!

Remember, there are two tax codes in our country; one for the informed and one for the uninformed. Become informed. Learn how to use taxes to your advantage instead of taxes taking advantage of you!

To register for Tuesday’s no-cost, no-obligation, log on and learn financial educational event, simply follow 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!

This misguided administration’s plans are targeting corporations with higher taxes, claiming this will result in taming inflation. The result will be weaker market returns and increased taxes on higher income earners and strong savers in 401ks and IRAs. These are the people who will benefit the most from our proven solutions. Solutions with a track record of measurable results.

Register for your preferred webinar time now because these events have proven to fill up fast.

Those who attend this event will receive a complimentary copy of my latest eBook:

The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.

CHuck Oliver Retirement Breakthrough

Spouses and Significant Others are Encouraged to Attend This Event Together

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