In this week’s Hidden Wealth Review, I teach that the number one reduction to a Baby Boomer’s retirement income is tax. Due to the uncertainty of an increasingly volatile stock market, the only area of retirement you can control is eliminating unnecessary taxes. But, there’s not a lot of time left to save taxes.
We met with a client this week who had no idea that 85% of his Social Security income was going to be subjected to tax. The client learned how to apply one of the Hidden Wealth Tax Savings Solutions. This unique solution eliminated his tax exposure. This put another $6,000 a year back into his retirement income because he was able to legally avoid paying unnecessary tax.
We have another client who sold a highly appreciated asset this year. He was facing a sizable capital gain. By using another of our Hidden Wealth Tax Saving Solutions, he was able to eliminate the entire capital gain, saving $400,000 in unnecessary taxes. One client eliminated all of their 2018 tax and another un-taxed their entire IRA!
Don’t miss your opportunity to save taxes for 2018. The time to save taxes is now! Taxes are on sale through 2025 but, the tax-savings window for 2018 is closing. To save tax in 2018, steps must be taken in 2018. There’s still time, but you must hurry!
The tax cuts have proven not to pay for themselves. The Congressional Budget Office just shared that the federal deficit for this year is $780 billion, an increase of 17%! The Treasury reported this week that the federal government suffered a $200 billion revenue shortfall. As a taxpayer, you can probably guess who gets to pay for this shortfall.
Boomers who have predominately saved money in 401(k)s and IRAs are the top tax trap targets. If you are drawing or intend to start to draw Social Security, beware! The tax traps come at you from all angles. The good news is that the top tax traps can be avoided but, the steps you take now (while taxes are on sale) and the year in which you must take those steps are upon us. The tax-savings window for 2018 is closing quickly!
Because taxes represent the biggest reduction to a Baby Boomer’s retirement, we’re creating a simple opportunity to learn how you can save on unnecessary taxes. If you are facing a tax that you didn’t have before, if you are looking at having to pay more tax than you’d planned or if you want to see how much tax you can save, simply email us at Help@TaxesSaved.com. Please include your name, phone number and the best day and time to reach you (Mon.-Fri. 10:00 AM to 5:00 PM, Eastern Time).
Those who send us an email requesting a custom Tax Savings Analysis will receive a complimentary electronic copy of my latest book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement. In this book I teach how to build a tax-free lifetime income including a tax-free Social Security income and NO Required Minimum Distributions! Be sure to send that email now, while there’s still time to save tax for 2018!
Don’t fall for the government’s fraudulent tax trap scheme. Stop paying unnecessary taxes! Learn how you can legally reduce your taxes and keep more money for yourself. That means more money to spend on grandchildren and travel. Simply email Help@TaxesSaved.com with your name, phone number and the best day and time to reach you (Mon.-Fri. 10:00 AM to 5:00 PM Eastern Time) so that you can learn how to keep more of your money. Here’s that email address again:
Here’s to your Hidden Wealth,