Want to Keep Your Money? Get a Tax Plan

In this week’s Hidden Wealth Review, I teach about tax credits and tax deductions. I recently read an article in Kiplinger titled, “Do You Want to Save Money? Have a Tax Plan.” I want to teach you how you can have a tax plan of your own. This coming Tuesday, at my Remove Your Wealth from Washington webinar, I will be talking about tax credits and tax deductions.

I’m reminded of two particular couples who wanted to save taxes. One couple did their own taxes and the other couple had someone do their taxes for them. Both couples were saving zero in taxes. When we asked them about their tax plan, they all responded that they didn’t have one. If you don’t have a tax plan you are missing the most vital piece of the retirement puzzle. Your retirement plan isn’t complete unless you have figured out how to lessen the impact of taxes.

I have been teaching people how to save taxes in retirement for 20 years. From what I’ve seen,  there has never been a better time to save taxes than right now!

One of the tax credit programs to which we have access provides you with the ability to use one tax credit to convert about $300,000 to $400,000 from a traditional IRA to a Roth IRA. Using this tax credit allows you to offset all of the Roth conversion taxes.

If you’ve been told not to Roth convert because of high income or because you will have to pay the tax out of your pocket, you really don’t want to wait. By using strategies that allow you deductions and credits, you can offset those IRA conversion taxes!

 We have a tax team of over 600 CPA firms and a tax planning team that does proactive, forward-looking tax planning. This approach is helping our clients save thousands!

The great thing about tax credits is that you can use the credits for getting taxes back and you can use these strategies (tax deductions and tax credits) to take care of taxes that will be coming in the future. These strategies are used by many large businesses. Let me teach you how to put these strategies to work for you.

The cost of waiting is expensive. I’m reminded of a client who used our retirement tax calculator to discover his tax risk road. Based on his strong retirement savings, he will pay 50% more in taxes (at today’s tax rates) than the actual balance of his accounts.

This client used tax credits to go back and recover about $200,000 in taxes that he paid last year. He’s now placed that recovered tax money into programs which allow him and his wife to avoid capital gains taxes and to save taxes for the next five years!

Another client is using tax credits and tax deductions to move around $1,000,000 out of traditional IRAs and into Roth IRAs. This strategy produces a net effect of zero taxes.

Learn Why You Need A Tax Plan

Whether it’s a five to ten times tax deduction or $100,000 tax credits, you can save money! You work hard for your money. If you want to save that money, have a tax plan! Learn how you can have your own tax plan by registering for Tuesday’s Remove Your Wealth from Washington webinar.

Register for Tuesday’s webinar by following these four simple steps:

1. Go to www.RetirementProtected.com (or scroll down to the form below).
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!” 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!

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