Please Click the Video to Watch This Important, Short Message
In this week’s Hidden Wealth Reviews, I teach that your taxes won’t get any better until you decide to do something about them. To discover why this is so important right now, go to TaxesSaved.com, a free resource that will allow you to request an analysis to see your future or present retirement tax burden. This is vitally important for those who have been strong savers in IRAs and 401(k)s, high-income earners or those who are selling a business or real estate. I want to teach you proven strategies to help you reduce your tax burden and to keep more of your hard-earned money for yourself.
The Trump administration’s incoming Treasury Secretary recently shared that extending the Tax Cuts and Jobs Act (TCJA) is top priority. Without an extension, rising interest rates and massive government spending will push deficits even higher. In fact, the first quarter of the 2025 fiscal year (which started in October) saw spending climb 40% over the previous fiscal year. The interest on our national debt alone is projected to exceed $1.2 trillion annually just this year! Higher taxes in the future are inevitable unless you take action.
By taking action now, you can:
- Reduce your future tax liability while tax rates are still historically low.
- Use deductions and credits to offset taxes on Roth conversions.
- Avoid the frustration of required minimum distributions (RMDs) and stop the tax drain on your retirement savings.
- High income earners reduce taxable income.
- Offset large capital gains.
Well-known IRA expert, Ed Slott, has called managing retirement savings a “calamity of landmines.” What used to be simple has now become complicated, thanks to RMDs and growing tax liabilities. But it doesn’t have to be this way.
Imagine a retirement free from RMDs. We’ve helped countless clients eliminate RMDs and avoid these tax headaches entirely. Whether you’re still saving or you’re already in retirement, the key is having a plan, not just a portfolio. A plan addresses taxation proactively, showing you how to grow your savings tax-free and reduce your future tax liability.
Ed Slott says now is the time to convert to tax-deferred retirement savings plans to Roth IRAs, especially while tax rates remain low. I want to teach you how to use tax deductions and credits to offset the taxes from conversions, which will give you a return on investment while getting you out of the tax system entirely. This is important because the government this year has spent more on interest payments than any other category but Social Security, defense and health care. Ed has stated that IRAs are now “probably the worst possible asset to leave to beneficiaries for wealth transfer, estate planning, or even to get your own money out. Take that money out into Roths using today’s low rates. That’s how you beat this game. That’s how you make the tax rules compound in your favor rather than against you.”
Converting to a Roth IRA essentially places a bet on future tax rates, Slott explained. Most people think they’ll be in a lower bracket in retirement because they won’t have a W-2 income. But that’s actually the number one myth in retirement planning. If you ignore this issue, the IRA continues to grow like a weed, and the tax bill compounds against you.
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Let me share a couple of examples of these strategies at work. A recent client came to us with significant savings in tax-deferred accounts and rental real estate income. With our tax team’s help, they transitioned to tax-advantaged strategies. This eliminated their future RMDs and quadrupled their tax-free cash flow from $27,000 to $96,000 annually!
If you’re ready to take control of your taxes, visit TaxesSaved.com and request a Saving Tax Optimization Plan (S.T.O.P.) Analysis. This written, personalized plan helps you uncover your tax exposure using approved strategies to offset liabilities and it ensures your savings grow tax-free.
Your taxes won’t improve unless you act. Visit TaxesSaved.com today and take the first step toward eliminating unnecessary taxes and securing your financial future.
Note: We serve Baby 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
