In this week’s Hidden Wealth Review, I teach that, heading into 2020, with its expected tidal wave of higher taxes (depending on the election outcome) and the market mayhem that’s always associated with an election year, there is some good news. There are legal ways to get your retirement money untaxed and to keep it untaxed. Resolve to ramp up your retirement savings and trim your tax bill in the new year.
A client in Phoenix recently asked me how to legally untax her money. She’s a widow in her late seventies and has a couple of million dollars trapped in IRAs. She’d like to help some of her grandchildren with their college and graduate school expenses. However, her Required Minimum Distributions (RMDs), which are approximately $100,000, are causing her to be taxed to the max. Her RMDs are causing 85% of her Social Security income to be taxed and they are creating higher Medicare Parts B & D premiums.
This coming Tuesday, I’ll be teaching how many of our clients avoid their RMDs. So whether you’re trying to get to retirement or to better get through retirement, you owe it to yourself to learn how this can be legally accomplished.
I use the term, Retirement Mass Destruction when referring to RMDs. That’s because I’ve seen, first hand, the total havoc RMDs create for Baby Boomers and business owners.
Believe it or not, there are great things in our tax code but, many of them are likely to only be there as long as Donald Trump is in office. Now is the time to take advantage of this unique timing and shift your assets to untax them and to keep them untaxed.
In regard to market volatility, USA Today warns that we can expect more market volatility from the Trade War as President Trump has signaled that a trade deal with China could be delayed until after 2020 election. You can protect yourself from this volatility by using strategies that give your retirement savings what I call market correction protection. That is, you can protect your savings from the two biggest retirement threats, taxes and market losses. The time to take action to protect yourself from these two threats is now!
This coming Tuesday, I will be teaching my Wealth Protection Webinar. During this no-cost, no-obligation educational event, I will be teaching a strategy called The Rich Man’s Roth. Learn how this unique strategy insulates your savings from stock market losses, protects you from the effects of the coming tidal wave of higher taxes and prevents future generations from inheriting your tax bill.
To register, go to www.RetirementProtected.com, enter your information and submit the registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event. Now’s the time to get a jump start on saving taxes in 2020 and protecting your savings from market losses.
I encourage you to register for your preferred webinar time now, because these events fill up fast. Those who attend this event will receive an e-copy of my latest book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
-Spouses are encouraged to attend this event together-
We are excited to announce our latest press release. Great things are happening at The Hidden Wealth Solution! Click here to read the full release.
Here’s to your Hidden Wealth,