In this week’s Hidden Wealth Review, I teach more about the Trump tax reform plan. There is still additional uncertainty for those of us who worked hard and saved our money in tax-deferred accounts such as 401(k)s and IRAs. These accounts are now under massive attack!
Questions swirled last week as to whether the tax reform plan would involve the 401(k). I assure you, the Trump tax reform plan will involve the 401(k) (and the IRA) in a big way!
If you have saved over $200,000 in an IRA or 401(k), you are going to be taxed more! At The Hidden Wealth Solution, we don’t recommend deferring taxes. You see, deferring defers the tax and the tax calculation. The government is going to need more tax going forward as the deficit builds and builds. Let me ask you a question. Do you think taxes will be lower or higher in the future?
The two larger issues are the growth tax, where in you will be taxed on the growth of the money inside your 401(k) and the five year liquidation requirement for non-spouse inherited IRAs. In this scenario, your children will be taxed to the max as they are forced to quickly liquidate the account, usually during their peak earning years.
I want to teach you how to get Uncle Sam out of your financial food chain. Let us teach you how to eliminate tax on over 90% of the money in your IRA. We can also teach you how to legally eliminate your Required Minimum Distributions. This prevents exposing 85% of your Social Security income to taxes. The government giveth and the government taketh away. Let us teach you how to keep them away for good!
This coming Tuesday, I’ll be teaching my Wealth Protection Webinar. This no-cost, no-obligation educational event teaches you how to eliminate taxes on your retirement income. You will learn how to avoid the impact of Required Minimum Distributions. Additionally, I’ll teach you how to prevent your children from getting taxed to the max when they are forced to liquidate the IRA they inherited from you. Don’t miss this eye-opening event!
To register, go to www.RetirementProtected.com, enter the required information and submit your registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event. These events fill quickly so you must hurry and register.
-Spouses are encouraged to attend this event together-
When you register and attend the webinar, you’ll receive an e-copy of my latest book, The Baby Boomer Retirement Breakthrough. This book teaches you the top five retirement risks and the unique solutions you can use to avoid them.
(855) No Tax 2 U
Here’s to your Hidden Wealth,