In this week’s Hidden Wealth Review, I teach about a recent article on CNBC.com by Carla Fried. Carla wrote that, if you like hefty tax bills, just go ahead and keep your 401(k). You can also add your IRA to the list of retirement accounts that create huge tax bills.
I recently met with a client who had saved all of his retirement in a 401(k) that’s now been converted into an IRA. He realizes now that this is causing him to pay more taxes in retirement than he paid in his highest wage-earning years.
Ted Benna, the “father of the 401(k),” has called his brain child a rotten repository that should be blown up. The Hidden Wealth Solution now has patented software that can prove that, even with an employer’s match, those who are still contributing to a 401(k) are losing thousands of opportunity dollars when compared to the alternative, which has a proven record of measurable results. This alternative far out-performs 401(k)s & IRAs. Furthermore, it eliminates losses to the market crashes or corrections that happen over time.
For those who are retired or who are about to retire and have moved their 401(k) to an IRA, we can teach you how you can get over 90% of your money out of that IRA, without taxes! This is especially true for couples whose combined IRA value is $250,000 or more.
We have a client in his 80’s. The Required Minimum Distribution from his IRA subjects 85% of his Social Security income to federal income taxes. Not only is he paying more tax, the government is able to dodge about 20% of the income benefit promised to him under Social Security. He is also required to pay higher premiums on his Medicare Parts A & B. We were able to solve all of these problems with our Hidden Wealth Tax Savings Solution.
This coming Tuesday, I will be teaching my Retirement Tax Protection Webinar. To register for this no-cost, no-obligation educational event, go to www.RetirementProtected.com, enter the required information and submit your registration. Once you submit your information, you will receive an email containing a personal link to join Tuesday’s event. 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.
Here’s to your Hidden Wealth,