Tax Freedom Month for Many!

Please Click the Video to Watch This Important, Short Message 

In this week’s Hidden Wealth Reviews, I teach that many people are suddenly realizing that the IRS doesn’t retire when they do. A 2024 survey by Northwestern Mutual found that only 30% of people (3 out of 10) actually have a tax plan. if you don’t have a smart, proactive tax reduction strategy in place, you may be unnecessarily handing over a massive portion of your savings to the government.

Now, some of the tax plans I’ve seen aren’t strategic plans at all. They are very general tax plans that are designed to lessen the amount of tax that you pay out of pocket. I want to teach you how to not pay any taxes out of your pocket when you do Roth conversions. I want to show you the strategic way to do Roth conversions that saves you taxes.

According to the article in which that Northwestern Mutual survey appeared, even those who have saved $1 million (or more) for retirement are at risk! The article warns that not having a strategic tax plan is one of the biggest risks that could derail a strong saver’s retirement.

Hoping that tax rates won’t go up is not a strategy. Waiting until retirement to “figure it out” is not a plan and doing nothing is the best way for you to lose control of the money you’ve worked your whole life to save.

Without a tax plan, your nest egg could be exposed to estate taxes, higher income taxes plus state-level taxes that could cut what you keep by as much as 50%. We recently met with a client in Maryland. He was shocked to learn that, because of the upcoming sunset of the Tax Cuts and Jobs Act (TCJA), his estate tax exemption would drop from nearly $14 million to somewhere around $6 to $7 million. He stands to lose as much as 56 cents on every dollar above that amount (between federal and state estate taxes) unless he makes a change now. The difference between losing and keeping millions of dollars came down to one thing: having a tax plan.

Another reason I’m sounding the alarm is what’s known as “Tax Freedom Day.” Unfortunately, most Americans work almost half the year just to pay their taxes. Tax Freedom Day is the date after which your income finally starts going to you, not the IRS. For many, the government has already spent everything they earned from January through May but, you can change that. There are tax strategies in the current tax code for W-2 earners and the self-employed. Most people aren’t aware of these strategies because no one has ever told them. These strategies are used by the ultra-wealthy but that are available to you as well.

We recently helped one client save just over $300,000 in taxes while Roth converting almost $1 million.  He did this by combining Roth conversions with a strategy that’s been in the tax code for decades. Another client saved nearly $250,000 using another one of our unique strategies. These aren’t tax loopholes. These are legal, proven strategies the ultra-wealthy have been using for years. The difference? They had a plan using proven strategies with measurable track records of success. Now you can too.

Learn How To Save Over 200K with these simple steps

At TaxesSaved.com, a short, on-demand recording walks you through two client case studies showing, in some detail, how these two clients saved over $300,000 and over $240,000 (respectively) in income taxes by combining Roth conversions with legal deductions. These are strategies that have been in the tax code for decades and have been used by the ultra-wealthy for years.

If any of the following apply to you, now is the time to view these case studies and take action:

• You feel you’re overpaying the IRS.
• You want to remove your IRAs from the I.R.S.
• You’re a business owner who’s planning to exit.
• You have stock options or equity compensation.
• You’re near or in retirement with required minimum distribution (RMD) exposure.
• You want to pass on a tax-free legacy.

Most people have a financial portfolio. Very few have a retirement tax plan. A portfolio can grow your money. A tax plan protects it.

Taking action is easy. Here’s how to start:

1. Visit TaxesSaved.com  to watch a short, on-demand webinar that shares two powerful tax-saving case studies.
2. Request Your S.T.O.P. Analysis to receive your personalized Saving Tax Optimization Plan, customized to your retirement timeline, income and assets.
3. Select a Date and Time – choose a specific time for a private consultation to assess your opportunities to legally reduce taxes.
4. Show Up and Learn Your Tax Risk – we’ll guide you step-by-step through a proven strategy to protect more of your savings (before the tax laws change).

If you’ve been searching online for:

• How to reduce taxes in retirement,
• How to eliminate Roth conversion tax,
• How to lower capital gains taxes,
• How to avoid estate taxes legally,
• What to do before the TJCA expires,

Then you’ve found your answer. You’ve worked hard for your money. Don’t let rising taxes erase your efforts. The IRS doesn’t retire when you do, but you can retire the IRS. Visit TaxesSaved.com now and take back control of your income, retirement, and legacy before it’s too late.

Note: We serve Baby Boomers and Retirees all over the Unites States. We have an efficient, supported process to meet online, as we 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