What does TaxPlanForWealth mean for your retirement?
66%* of Americans believe they will outlive their retirement savings, 78%* fear not having enough money to meet their financial retirement needs. With the correct Tax Planning & Roth conversion strategy, you have the potential to drastically save on your tax bill, save money for retirement after you're past your retirement age (as long as you remain within income limits) and keep 100% in control over your money forever.
What if you already have a financial advisor?
Most advisors are not trained & credentialed in taxation as we are. Even those that might suggest a Roth conversion cannot state with specificity when is the ideal time, what are the ideal amounts each year, and how such conversions will impact your wealth with an audit trail to substantiate it. Furthermore, advisors have an inherent conflict of interest in making such recommendations that can be difficult to overcome.
What if you earn a good salary - Do you need this plan?
Some folks are okay paying more in income taxes than required, but most are not. Wealth creation is not always about what you earn, it is more importantly about what you keep. The quote we like to use: “Some mistakes you only get to do once”. After that, it is too late to repair. We want to prevent you over-paying your taxes and permanently impacting your wealth.
When do you need to take action?
With the current tax bill currently in effect only going through 2025, taxes are currently “on sale”. To further complicate that, a political party that gained control of one branch of government has vowed to undo the tax sale.These plans will often require multiple years for a best case scenario, so the time to plan is NOW.