I have clients who are over the age of 70.5 years old and have been taking the Required Minimum Distributions (RMD’s). In taking out the RMD’s coupled with the taxes on their Social Security and pension annuity income it was costing them over $20,000.00 a year in unnecessary taxes.
LAKE MARY, Fla. (PRWEB) October 04, 2019
Chuck Oliver, President and CEO of The Hidden Wealth Solution, recently discussed in his on-air radio show how retired Baby Boomers and those looking to retire in the coming years can commonly save $20,000.00 a year with strategic retirement planning.
Oliver stated "It is one thing to focus on the return on our financial investments and it is another thing to focus on preventing unnecessary lost retirement income. I have clients who are over the age of 70.5 years old and have been taking the Required Minimum Distributions (RMD’s). In taking out the RMD’s coupled with the taxes on their Social Security and pension annuity income it was costing them over $20,000.00 a year in unnecessary taxes. In some cases, clients had low growth on their non-IRA annuities as well. This in essence is the “perfect storm” that can cause a downward spiral to unnecessary tax and loss of retirement income expense. In one client’s case up to 85% of their Social Security income was taxed due to their IRA’s and their annuity income which further pushed them into a higher tax rate that will only cause higher future taxes and force their heirs to paying proposed higher capital gains tax rates on their non-IRA annuity and higher tax rates on inherited IRA’s. It is these types of “government gotchas” that my team and I teach our clients about. There are so many loopholes that make it very difficult for retirees to keep track of all the changes in tax law. We study this on a daily basis to keep our clients well educated so they can make informed decisions on what’s best for protecting and preserving their retirement accounts.”
For over two decades Chuck Oliver and his team at The Hidden Wealth Solution have been guiding clients on retirement income optimization planning and strategic tax savings. As a top-rated financial advisor located in Lake Mary, Florida, Oliver consults with Baby Boomers and those planning ahead for retirement. He specializes in alternative 401K planning, strategic tax planning and reducing Boomer’s tax brackets, Roth IRA’s, health savings accounts (HSA) and protected Pension planning. Oliver also coaches clients on how to avoid market risk, reduce the effects of taxation on investments, establish a tax advantaged income and guide clients on how to transfer wealth so it’s tax free to future generations. For years he has mentored and coached hundreds of financial professionals including CPA’s and tax attorneys across the U.S.
Oliver is a graduate of Capital University and has a full list of accomplishments over his career including being a two-time Best-Selling Author of “Power Principles for Success” Empower a Tax-Free Retirement Future and “Game Changers” Introducing the Tax-Free Business Owners Protected Pension Plan. Oliver has been featured in The Wall Street Journal, Newsweek and USA Today as well as featured on ABC, NBC and CBS. Oliver has also been a financial contributor on Fox TV News.
Baby Boomers and those approaching retirement are encouraged to follow Oliver both online and on-air each weekend in Orlando, FL, Tampa, FL, Jacksonville, FL, Dayton OH, and Phoenix, AZ. Every weekend Oliver hosts a half hour educational financial radio show where he discusses how consumers can reduce their taxes, so they keep more of their hard-earned money and optimize their retirement income to thrive in retirement not just survive in retirement.
Followers can hear Oliver in Orlando on Saturday mornings at 11am EST and Sunday afternoons at 1pm EST on News Radio 93.1FM/540AM WFLA, in Tampa Oliver can be heard on Sundays at 11am EST on Newsradio 970AM WFLA, in Jacksonville on News 104.5 WOKV on Sundays at 11am EST, in Dayton on NewsTalk Radio 95.7FM/AM 1290 WHIO on Sundays at 9am EST and in Phoenix on Newstalk 550KFYI on Sundays at 11am MST.
Each week Oliver’s radio show is archived, followers are encouraged to visit online to catch shows they may have missed. His archives are located at: https://thehiddenwealthsolution.com/hidden-wealth-radio/
Those interested in learning more about The Hidden Wealth Solution are invited to a complimentary educational webinar where they can learn more about income optimization for retirement planning and proven solutions for saving on taxes. Retired Baby Boomers and those looking ahead to retirement are invited to register online for this free webinar happening every Tuesday in the month of October. Seats are still available, the next webinar is scheduled for October 8th with additional webinars happening on October 15th, October 22nd and October 29th. There are several times available including 11am EST, 3pm EST, 7pm EST, 8pm EST and 10pm EST. To register for this free webinar, visit online at: https://retirementprotected.com/
The Hidden Wealth Solution is in the heart of Central Florida at 250 International Parkway, Suite 146, Lake Mary Florida 32746. Their financial and wealth advisors are available Monday through Friday from 9am – 6pm EST. For more information visit online at https://thehiddenwealthsolution.com/ or call 1-800-825-1766 or 407-478-1599.