In this week’s Hidden Wealth Review, I teach that the tax world, as we know it, has just changed again. The Republicans have lost control of the House of Representatives, the constitutional starting point for all tax legislation. The Democratic Party is already promising tax changes with a focus on tax increases. President Trump even shared that he was willing to change tax cuts for political compromise.
There’s never been a more important time to get your tax-savings plan in place. This past week, we taught a client how to save $1,500 a month in unnecessary tax! They can now use that money to travel more and visit with their grandchildren.
We meet with a lot of people who are totally caught off guard by the taxes created by distributions from their IRAs and 401(k)s. Not only do they have to pay tax on the distributions, the income from the distributions can often trigger an extra tax on up to 85% of Social Security income. It’s not uncommon for us to meet with people whose distributions are costing them an extra $2,000 to $6,000 a year in unnecessary tax, just from their Social Security benefits.
The Democrats insist that they must raise taxes. Janet Yellen, the former Federal Reserve Chair, has said that, if she could wave a magic wand, she would raise taxes and cut benefits to get us out from under our country’s debt burden.
Learn how you can grow your money without tax, spend your money without tax and transfer your money to your children and grandchildren without transferring the tax burden to them. Learn how you can have a tax-free retirement, regardless of which way the political wind is blowing.
Under the Trump tax reforms, the tax sale was only going to last until 2025. With the House now controlled by a party that’s motivated to tax, the taxes are only going to get worse!
A client recently told me that they had no idea how badly the government’s tax scheme would affect them in retirement. We showed them how they could have a better retirement plan than the tax structure the government had for them. The plan they have now prevents them from paying unnecessary taxes. You can still save tax in 2018 but you must act now! Let me teach you how to be a tax-free retiree.
This coming Tuesday, I’ll be teaching my Wealth Protection Webinar. This no cost, no obligation educational event will teach you that, even though taxes just got tougher, you can get tough on tax.
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.
I encourage you to register for your preferred webinar time now because these events fill up fast. For those who attend this event, I will gift you a copy of my latest book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
NOTE: This is a log-on and learn webinar, not a live workshop. You will need a laptop or PC to join. It is strongly suggested that you NOT use an iPad or hand held device for this event. Our proven retirement and financial solutions are best for; people positioning themselves for retirement or who want to navigate better to or through their retirement. People who have saved $200,000 or more for retirement. People who are wanting to determine if they are maximizing and optimizing their retirement planning. Boomers who want to pay the least amount of taxes on income, reduce or eliminate tax on their Social Security and create a sustainable, increasing, lifetime income for both spouses.
-Spouses are encouraged to attend this event together-
(855) No Tax 2 U
Here’s to your Hidden Wealth,