The dreaded tax season to talk little bit about pack today.
Present at our as talking that taxes when we retire to here to help us through that met with mr. gary thurman with guardian investments.
Good morning everyone.
Are you and you get all right so we talking about taxes proper time.
Monticello is not a ta situation in retirement.
We are i until we talk to the today i didn't think that i still have taxes that are retired there yo go.
Yeah it entity would most retirees do because what most people have done is they've you know overfunded their 401(k)s.
The 403 bees any type are a's out there so that people want to understand is that when you're doing that you make a deal with apple sale.
I'm not up to you now want to pay you later and layers when they need the money the most so when you go in retirement.
The paychecks, go way so we really need that money.
So if all of your money for retirement is in taxable accounts.
You know it's causing a big issue of across the country right now a lot of the poor really fun and hard to get enough income because her peanut so much taxes on that money.
We talked about making sure that w have enough income to cover expense is coming.
This is almost an expense that it is an expense it's a huge expense to mean in and right now if we loo at our current tax situation.
Honestly taxes are on sale.
You know some some new administration came through sir , you know, i feel personally, i thin i just got back from training and in most everybody feels tha her taxes are going to increase in the future, me, if you look at our history of me.
I'll be back in 1943.
If you are semi- lucky enough to be making over $200,000 taxes were over 90% allow so even in the 70s.
If yo are someone making over $200, 000.
Your taxes were over 70%.
So the fact that what 37% tax max tax right right mail taxes oral sale so we really feel it's a great time for folks to maybe make some adjustment to their retirement accounts and maybe not have everything in those taxable bucket that we have some avenues we can help you without you.
Do you think taxes are going increase in the future to an options do we have too much to write, you know, i know we do have options, but i live there' two quick one the most popular is a roth ira.
You know i wobble my own home.
I think they're great.
The only issues with roth iras are held or placed a helper managed to be careful about because we talked about this last week fees to be careful on those.
And another thing, if you're making too much money can even do a roth ira in us of you single person make it over hundred $22,000 a year.
You cannot do a roth.
If you're married filing jointly, you're making over hundred and $93,000 a year.
Together you can do a other option is a product that we love.
It's got an idea.
Well, the sims index universal life insurance policy and a lot richer is right.
It's really really neat how you can in the monies that you pull out in the future in retirement are going to be 100% tax-free allowance so it's a really neat concept for young folk.
You kno, so that lists a semester starting out, retirement planning, and they can only do couple hundred dollars a month and i you will's perfect, but for our older generation it might be time while taxes are o sale to consider taking some of that ira money and move it over to tax-free status and we have the avenues to do that.
Here's great thing that i ul's do not have a max income limit.
So for some of your folks out there that are making a great income and i ul is really their only knowledge that option is an amazing option.
Your your your protected with a death benefit.
Another thing that we love abou the programs as they have a recall living benefits was actually insurance.
You can use while you're still living so yo don't have to die to take advantage of this program, but the a death benefit as they are so you know god for bid something bad that happened a tragic accident, your families taking care of within tax-free note death benefit and hope that all of you are out with back in your book with you that in advance about that how we get s david midnight is an amount and i was actually in a training with him just last week in dallas texas.
In that that he has right book is called the power zero.
So what the power zero is it's shown you how to get to that 0% tax rocket so it's a really genius blog in and what i would like to do is offe anyone that comes in a has a conversation with us absolutely free.
I get free no obligation to provide savagely free unlocked all for them.
This blog is they can take her home.
They can read it and give him a really good understanding of some of the things were talking about a very short period of time this morning.
We can go through the book with him measurably understand how works and see if we can get them onto that tax-free journey into retirement all right sorry i di not think about tax documents.
I'm glad you got me thinking already to get home have any work since everyone.
Gary is partners to help you gave scary subjected larry subject to him cough that upset at free no obligation appointment and phon numbers on a screen of course you can