TAXESSEPT205MIN

Speaker 1 (00:01):

According to recent reports, the wealthy are preparing for tax increases. So should we all be preparing for higher taxes here to tell us a little bit more about it? Tyson Thacker from boss retirement solutions, winner of Utah's best of state award for retirement planning for two years in a row. Tyson is good to see you tell us good. You, why are the wealthy so concerned about taxes right now? Well,

Speaker 2 (00:22):

The wealthier concerned about taxes right now for a very good reason, Nisha, and this reason it should, everybody should be concerned about this because government spending is soaring at both the state and federal levels. While revenue Nisha is dropping like a rock from COVID 19 pandemic. So how will they make up the difference in lost revenue? It's going to have to come from monumental tax increases. That means higher taxes for you. Higher taxes for us and higher taxes. Really for everyone watching right now. And these increases could be just around the corner.

Speaker 1 (00:55):

And I think people watching are like me. They had no idea.

Speaker 2 (00:57):

Absolutely. You can't get economists to really look at this in the same way, expert CPAs, but in this, they agree that taxes are lower right now than they've been in over 40 years. And they could expect taxes to skyrocket in the very near future. This could hit millions of baby boomers just as they're retiring. So the money you were counting on for the, your retirement, that taxable money from your IRAs, your 401ks, social security benefits, investment income could all be a small fraction of what you thought it was going to be. Unless you take defensive steps right now.

Speaker 1 (01:36):

So wealthy Americans see this coming, and they're the ones taking action right now.

Speaker 2 (01:40):

Exactly. They understand how deadly taxes can be, and that's why they're going to do everything possible. They can to minimize these taxes, but here's something that's important for you to know right now, many of the strategies that have helped the wealthy save a fortune in taxes are also available to most Americans. They're just not taking advantage of them or worse yet. They don't know they exist.

Speaker 1 (02:04):

All right. So let's figure these out. Tell us about these strategies.

Speaker 2 (02:07):

Yeah. So it boils down to the difference between tax preparation versus tax planning. Most Americans simply prepare and file their taxes with the help of their accountant or CPA. But when you do this, you are just recording history. So if you really wanna save money on taxes in retirement, you need to look forward, not backwards. This is called tax planning, and this is how we can help clients keep more of their hard earned money, right in their pocket.

Speaker 1 (02:36):

Tyson, give us an example of what you're talking about. Yeah,

Speaker 2 (02:39):

Of course. We recently helped a local couple right here in salt lake. They weren't wealthy, but I'll tell you this NHA, they were good savers. And our defensive tax planning strategies could help them save up to $179,913 in taxes in

Speaker 1 (02:56):

Retirement. Wait, say that one more time. <laugh> because that's a lot of money.

Speaker 2 (02:59):

That's $179,913 that they could be saving just on their IRAs, their 401ks. Now this is just one of countless examples. This savings could also be additional. When you look at how much you're paying in social security taxes. So many people pay up to 85% of their benefit. They have taxes on 85% of their benefit. And so they could be saving tens of thousands. If not hundreds of thousands of dollars in savings, this could also help you do more for your kids, your grandkids. You could buy that dream vacation home in the mountains, or simply spend more time traveling during your

Speaker 1 (03:38):

Retirement days. You said traveling, you said vacation, everyone loves those words. <laugh> that's right. No. We want to learn more. How do our viewers do that?

Speaker 2 (03:44):

Well, we wanna show you exactly how much money you could save with our retirement tax analysis. Now, this analysis will arm you with the defensive tax planning strategies that could save you a small fortune with your IRA, your 401k, any of your retirement accounts, plus social security benefits, investment income, plus so much more. Now NHA. A lot of these companies are charging hundreds of dollars for this customized analysis. There's a lot of companies who don't even offer this as analysis, but we're gonna cover this 100% of the costs just for the viewers who call us tonight. So if you've saved at least $200,000, that's where we can give you the most bang for your buck. Call us to schedule your free retirement analysis right now at 8 0 1 7 0 180 8 81 dot again, 8 0 1 7 0 180 8 81.

Speaker 1 (04:34):

It's easy. Everybody learn how you could dramatically reduce or potentially eliminate your taxes in retirement with a free retirement tax analysis from boss retirement solutions. They've helped thousands of families retire successfully, and they're here now to help you too. So to get that free analysis, you must call the number (801) 701-8881. That's that number and Tyson. Thank you so much for being here. Thank

Speaker 2 (04:58):

You, NHA.