The Truth About Taxes!

In this week’s Hidden Wealth Review, I teach the truth about taxes. This is the first in a series of video blogs I’ll be doing on the subject of truth in taxation. This coming Tuesday, at my Remove Your Wealth from Washington webinar, I will be teaching how you can get your taxes to, or at least as close to, zero as possible.

The inspiration for this series came from an article I recently read on Moneywise.com. In the article, someone was quoted as saying, “I paid a six-figure tax bill this year and I’m fed up with sending my hard-earned cash to Uncle Sam — is it possible to avoid paying income tax (legally)?”

There are a lot of ways to get your taxes to zero. Some of these are legal, some are not. The legal way to get your taxes to zero is to have a strategic tax plan. This is the key piece to the wealth optimization puzzle which we work on with our clients every day. I want to teach you some of these concepts and strategies this coming Tuesday. To register for the webinar go to RetirementProtected.com. 

The truth about taxes is that the rules are constantly changing. There is a tremendous legislative risk right now. The risk is that the tax rules could change in such a way that you could be prevented from doing a Roth IRA conversion. There’s also the danger of outlandish concepts such as an unrealized capital gains tax. You can also use the strategies I teach to offset a major taxable event. If you are a high-income earner or a high-income retiree who’s interested in Roth converting to prevent Required Minimum Distributions or if you just want to have tax-free income, you need to protect yourself from the games the government plays with taxes.

Here’s are just a few games that government plays with one expensive taxable income source, Social Security and how they manipulate the math on payouts and taxes. (Note: we help clients save an average of $6,000 to $12,000 per year of tax on their Social Security income):

1. They change the rules.
2. They give a 2.5% raise to Social Security income (the smallest cost of living raise in years) but then they raise the amount of earned income subject to the Social Security tax by almost 4.5%.
3. The trigger for having to pay tax on 85% of your Social Security income hasn’t been inflation adjusted since 1993. If it were truly inflation adjusted, the triggering amount would be $150,000!
4. When they need more tax, they change the rules and reduce the deductions.

We had a client who received a large, fully taxable inheritance. He was going to get hammered on taxes by an inherited IRA. He also wanted to do more Roth conversions. There are specific tax planning strategies that he learned from our tax savings team. He has now applied these strategies, saving him hundreds of thousands of dollars in taxes! Imagine, zero tax!

Learn More About The Truth About Taxes

If you are serious about saving taxes this year, I want to teach you how to use tax credits and deductions. There’s still time to save taxes this year, but you’ve got to hurry!

Let me ask you a question. Is the plan that got you to where you are now the plan you are confident will get you to where you want to go? Also, does the plan you have now address taxes and use proven solutions to save taxes?

I want to teach you about tax deductions and tax credits that you can use (if you qualify) to recover taxes from past years, the current year and future years. There are also strategies that allow you to get a four times the invested amount tax deduction! These are strategies that can be used to offset the taxes that would normally be due on a high income or added Roth conversion, etc. Learn the truth about your own taxes and the tax risk road you may not fully realize you are traveling.

Whether you’re a high-income earner, a strong saver or you just want to get your money out of the tax system before the outcome of this election with the risk of higher future taxes, register now for this coming Tuesday’s no-cost, no-obligation webinar by following these four simple steps:

1. Go to www.RetirementProtected.com.
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!”

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!

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