Please Click the Video to Watch This Important, Short Message
In this week’s Hidden Wealth Reviews, I teach about tariffs, taxes and timing. There’s a lot going on right now with all of the uncertainty about tariffs. There are concerns that tariffs could cause more inflation, taxation or both. At the same time, we have a timing situation because the Tax Cuts and Jobs Act (TCJA) expires soon and there’s great uncertainty about if, or what parts of, the TCJA will be extended.
The choices you make today can mean the difference between saving thousands in taxes or losing thousands to the IRS. I want to share things in two main categories:
- You want to still save taxes for 2024, before the IRS closes the door.
- You want to get ahead of 2025 while the Trump tax cuts are still alive.
If you’re a high-income earner, a business owner or someone who’s had a large, taxable event, you’re likely facing a large or massive tax bill. But what if I told that you that you don’t have to overpay taxes to the IRS? There is still have time to legally reduce your taxes (even for 2024), but only if you act now!
To get started on saving taxes, go to TaxesSaved.com and request a Saving Tax Optimization Plan (S.T.O.P.) Analysis. This no-cost, no-obligation resource will show you exactly how much unnecessary tax you could have avoided paying this year. But here’s the key – you must schedule a calendar request when you submit your analysis. Some people have missed out simply because they didn’t schedule their appointment and time ran out for them to save. Don’t let this happen to you. Please be sure to schedule the best day and time to reach you when submitting your S.T.O.P. Analysis request.
If you’re worried about the future, you should be. The TCJA is on life support. If Congress doesn’t act, your tax rates will go up. Experts, including our team of tax attorneys, CPAs and wealth strategists, believe that 2024 may be the lowest tax year you’ll see for the rest of your life.
Waiting to take action is one of the biggest mistakes you can make. Because the uncertainty around tariffs is slamming the market, account values are dropping. But that’s actually good news because lower account balances mean less taxes are due if the account is converted from a 401(k) or traditional IRA to a Roth IRA. Now is the perfect time for a Roth conversion!
When account values are down and taxes are still relatively low, a Roth conversion sense. Here’s why:
- You convert at lower account values, meaning that you pay less in taxes now.
- When the market rebounds, your gains grow tax-free instead of being taxed later at what could be much higher rates.
- When taxes inevitably rise in the future, you’re protected.
How Big is Your Retirement Tax Bill?
Time is running out, take action now!
The biggest tax trap is doing nothing to protect yourself, your savings and your family. The government is spending money at record levels. The bill for all this spending will come due in the form of higher taxes for you and me. The question is, will you be ready?
You’ve worked too hard to just hand over money to the IRS! Remember, the tax system is designed to benefit the government, not you. But just because the system is rigged against you doesn’t mean you have to be its victim.
The window to act is closing! Whether it’s saving on 2024 taxes or preparing for the 2025 tax storm, waiting is the worst thing you can do. Those who take proactive steps can legally reduce their taxes and keep more of their hard-earned money for themselves. If you do nothing, you’re making the government richer while making yourself poorer.
Your taxes won’t fix themselves. The wealthy use strategies that legally eliminate taxes and now you can too.
Visit TaxesSaved.com today and take the first step toward keeping more of what you’ve earned. Don’t wait until it’s too late – act now.
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
