In this week’s Hidden Wealth Review, I teach that, although tax day is now in the past, don’t let another tax year go by overpaying your taxes. Don’t allow yourself to be the federal government’s key tax target. This week, CNBC announced that the deficit is unsustainable. That’s not really news to anyone, it’s just that the situation is now direr than even the top economists had predicted it would become. The deficit is now increasing over $1 million a minute! Just think, in the time it takes you to read this, the deficit has gone up over $2 million.
If you have saved at least $200,000 in an IRA or 401(k) you are the key tax target! You are sitting on a ticking tax time bomb. But, there is something you can do about it. Don’t let another year go by, being satisfied with someone just telling you the amount of tax you owe. Instead, take the time to learn how much tax you can legally, ethically and morally avoid paying. This could give you an extra $1,000, $2,000 or more a month in spendable income you can use to visit family or spoil your grandchildren. Additionally, you can learn how to avoid passing your tax burden onto your children. For our clients, legally avoiding taxes is as predictable as overpaying taxes.
This coming Tuesday, I will be teaching an introduction to how our clients are able to protect their retirement income from taxes and for some, teach you how to avoid having your Social Security taxed. Let me teach you how you can achieve a nearly zero percent tax rate during retirement! Whether you’re someone who’s trying to get to retirement or someone trying to get through retirement, you can save tax!
We use special provisions of the tax code to offset the tax-causing distributions from your IRA or 401(k). But, the window of opportunity is small. Under the new tax reform plan, you have between four to seven years to take advantage of some of these key tax-savings initiatives.
On Tuesday, I will be teaching my Retirement Protection Webinar. During this log-on and learn event, you will learn how to stop overpaying your taxes, each and every year. Don’t let another year go by with you being the government’s key tax target!
To register for this no-cost, no-obligation educational event, simply 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 hurry and register. Just for registering and attending, I will gift you an e-copy of my book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
-Spouses are encouraged to attend this event together-
(855) No Tax 2 U
Here’s to your Hidden Wealth,