The Legal Secrets to Reduce Your Taxes

In this week’s Hidden Wealth Reviews, I teach, at TaxesSaved.com, the legal secrets to reduce your taxes. This is an on-demand teaching so you can go to TaxesSaved.com right now and, in about 20 minutes, learn two strategies that clients used to save significant amounts of tax.

In these two cases, the clients were high-income earners who did large Roth IRA conversions. They used two deduction strategies from the tax code to offset the higher income that was created by the Roth conversions. Their drastically lower reported income, due to these deductions, allowed them to save an enormous amount in taxes. Whether you’re a W-2 wage earner, a business owner or a retiree, you can learn these strategies too, at TaxesSaved.com.

If you’re a heavy saver in tax-deferred accounts such as 401(k)s and IRAs, the time to save tax is now! The uncertainty of tax legislation is one of the leading reasons why you need to act now. Now is the time to save your serious retirement savings from unnecessary taxes.

That’s why I’m excited to offer the book, The New Holistic Retirement as a gift for those who register for the on-demand webinar at TaxesSaved.com. So, in about 20 minutes, you will learn how to remove your income and your assets from the tax system plus receive a book that will allow you to identify new areas which require a long-term retirement strategy that can protect you and your legacy.

Although tax receipts were up in the month of May, so was our deficit. Last year’s spending deficit was nearly $2 trillion. The federal government took in about $5 trillion but it also spent $7 trillion. This year, our deficit is already heading to $1.5 trillion!

Even though the government benefited from tariffs and higher tax receipts, the interest on our debt is the culprit that’s driving our deficit spending. The Federal Reserve’s failure to lower interest rates is what is keeping just the (projected) interest payments on our debt at over $1.2 trillion this year! Clearly, taxes are going to have to go higher!

Turmoil is the current name of the economic game. There’s turmoil around the passage of President Trump’s “Big, Beautiful Bill.” There still turmoil over tariffs and now, the unrest with Iran. Many people are wondering what they can do to protect themselves from all this turmoil and uncertainty.

The time to act is now, while the market is still down and, ideally, before it rebounds. This is important because, when the balance of your retirement account is down, the result is less tax on Roth conversions. Taxes are also down right now but they are certainly going to increase. These factors make now the perfect time to take advantage of lowering your taxes.

We recently heard from an 87-year-old retiree. He told us that he’s currently paying double the taxes that he paid when he was working. This is because he saved so well in his 401(k)s that the required minimum distributions from his IRA are now taxing him to the max.

Another client, who is 83, has saved $16 million in his IRA. If he only lives another seven years, the tax he will pay will be over half of his current balance ($8 million). On top of that, he also has estate tax exposure with the unknown fate of the Trump tax bill. His solution is to take advantage of what is known today before the unknown of what happens tomorrow.

Finally, a gentleman and his wife were referred to us by a friend. They had saved $300,000 in tax-deferred 401(k) and IRA accounts. They were astonished to learn that they will pay over $10 million in lifetime taxes between them and their children, who will inherit those tax-deferred accounts. Imagine, if they never save another dollar and tax rates never go up, they will pay over $10 million in taxes on just $300,000 of savings!

These examples are why I’m excited to put the finishing touches on my new book (coming out soon) that addresses the Great Wealth Transfer. It’s predicted that $124 trillion will change hands from generation to generation over the next 20 years.  Many people are not prepared for this transfer. We have client’s who refer their adult children and adult children who refer their parents to us to help them prevent the tax massacre that will take place without proper planning.

Learn More About How To Save A Fortune in Taxes!

The time to act is now. The earlier you start the better. The quicker you start the more you save.

Here’s how to get started:

1. Visit TaxesSaved.com – Review the insightful case study webinar that shares two impactful client case studies that show how to save thousands of dollars in taxes. You will also receive a copy of The Holistic Retirement as a gift for registering.
2. Review our Taxes Saved Case of the Week playlist – Scroll down to the middle of the home page and click the three bars in the upper right-hand corner of the video to view all of the videos on the playlist.
3. Request your S.T.O.P. Analysis – Saving Tax Optimization Plan.
4. Select a Date and Time – Be specific! Choose a date and time to speak with us so we can assess your tax-saving opportunities.
5. Show Up and Learn Your Tax Risk – We’ll guide you step-by-step through exactly what to do to stop overpaying the IRS and start protecting your savings.

Don’t be penalized for being a strong saver, take advantage of being a strong saver by learning how to be a strong tax-saver. Go to TaxesSaved.com to get started.

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