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truth about taxes
In this week’s Hidden Wealth Reviews, I teach that the Joint Committee on Taxation, Washington’s tax scorekeeper, has reported 78% to 90% of the unpaid taxes that the government plans to go after are going to come from people who make less than $200,000 annually. While taxes are certainly a big concern, there are other concerns, as well.
It’s rumored that over 15 million people have lost their jobs this year. If you look around your local area, you may notice that many long-standing businesses have shuttered their doors. It’s clear that Bidenomics is bankrupting America, don’t let it bankrupt your retirement.
As an example of the impact of Bidenomics, there were two stock market records set this month:
- The single biggest one-month drop in the market in years. Portfolios lost an average of 10%.
- The single biggest point drop since March.
The latest, independent, third party Dalbar study shows that, over the past 30 years, the average investor return in the stock market is just 4.3% (before taxes and fees). The market is as unpredictable as it is volatile. The recent news that the Federal Reserve wouldn’t raise rates, which should have rallied he market, caused it to drop sharply.
Click Here to discover how our client, Gale was able to learn a strategy that allows her to avoid unnecessary taxes on her Required Minimum Distributions (RMDs).
Gale is single and she was concerned how her RMDs would impact her taxes. What typically happens with RMDs is that the government requires you to withdraw the money at a time in your life when you don’t have very may deductions. This forces you to pay a higher tax rate on these distributions. Starting next year, there is a 25% penalty if you fail to take a required distribution.
In Gale’s case, she was a big giver to charitable causes. She had never heard of a Qualified Charitable Distribution (QCD). Using just this strategy alone ensures that Gale will never pay taxes on her RMDs.
This prevents up to 80% of her Social Security from being taxed and it will save her from higher Medicare penalties. I’ve met with a number of people who are getting hammered by Medicare penalties because their RMDs are so high. I want to teach you strategies that reduce or eliminate the tax impact of RMDs on your retirement.
LEARN THE TRUTH ABOUT TAXES NOW
Our country is in trouble. The only way we can protect our retirement is to take the bull by the horns and do it ourselves. At Tuesday’s Tax Protecting Your Retirement webinar, I will teach you what you can put in place to do three things that I believe are vital to protecting your retirement:
- How to avoid unnecessary taxation.
- How to avoid unnecessary inflation and make sure that your returns keep pace with inflation over the long term.
- How to avoid market deterioration.
You work hard for your money. Learn what you can do to remove unnecessary taxation, to ensure your returns keep pace or outpace inflation and to avoid market deterioration. Let me teach you guaranteed income solutions that are guaranteed to not lose to the market and that provide tax-free retirement income, which increases over time and that you can never outlive.
To learn the tax risk road on which you are traveling, please go to RetirementTaxCalculator.com and see, in 30 seconds, what is probably your best retirement tax scenario. Then, register for this coming Tuesday’s Tax Protecting Your Retirement Webinar to learn how you too can remove your income and assets from the tax system.
Imagine, more financial success, less worry, less stress, less taxation and no market deterioration. Learn what you can do to stop Bidenomics from bankrupting your retirement.
Register for Tuesday’s no-cost, no-obligation financial educational webinar, by simply following these four simple steps:
- Go to www.RetirementProtected.com (or scroll down to the form below).
- Select the webinar date/time you prefer.
- Enter your information thoroughly – make sure to double check your email address.
- Click “Reserve My Spot!” to submit, that’s it!
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!
Strong savers in 401(k)s and IRAs and high income earner are the people who will benefit the most from our proven solutions. Proven solutions with a track record of measurable results. Imagine less stress, less worry. Peace of mind retirement protection.
Register for your preferred webinar time now because these events have proven to fill up fast.
Those who attend this event will receive a complimentary copy of my latest eBook:
The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.