“Better Than Social Security” (Get Info by May 1 Deadline)

“Better Than Social Security” (Get Info by May 1 Deadline)

 
“It’s Like Getting 4 Social 

Security Checks Every Month”

Dear Reader,

 

Write this date down … May 1, 2018!

 

That’s the day thousands of American taxpayers will start collecting huge checks that make the average Social Security payment of $1,342 look like mincemeat.

 

To be clear, this is not a government program … it’s much better than that. 

 

For example, Doug Smith  a 46-year-old from Joplin, Missouri  is set to collect $24,075. And Lisa Luhrman, a 57-year-old in Tulsa, Oklahoma is cashing in an even bigger check for $66,570.

 

And there are many more cashing in now that word is getting out … 

 

Reuters reported that these checks are “delivering a windfall.” 

 

Motley Fool said the “cash payouts are sky-high.” 

 

And Seeking Alpha called them a “hidden gem.”

 

To find out how you can get these checks, click here (it’s free).

 

But you must get details by May 1. 

 

If you don’t sign up by then, your opportunity to see how to collect these massive 4-digit (and even 5-digit) checks will be gone.

 

Getting started is simple.

 

All you have to do is watch this video and follow the simple instructions before May 1.

 

But don’t wait … you must act today before it’s too late.

 

Just click here now or hit play on the video below

Sincerely,

Matt Badiali

Editor, Banyan Hill Publishing

 

 
 

 

 

 

Be Wise With Your Retirement

Be Wise With Your Retirement

Retirement-income strategies are big business. Financial advisers and online advice services will help you transform your savings into a steady retirement paycheck—for a fee. Some mutual funds also promise to deliver a stream of retirement income—for a fee. And all manner of annuities will guarantee you lifetime income—for fees, fees and more fees. But what if the best retirement-income strategy didn’t require you to pay anyone for advice or fancy financial products, and you could actually implement it yourself while channel-surfing and ordering pizza?

Read more

Tax Tips For Late Starters

Tax Tips For Late Starters

If you’ve put off filing your taxes until the last minute, here’s some good news. First, you don’t need to bone up on the new tax law to complete this year’s tax return. For the most part, the Tax Cuts and Jobs Act won’t affect your 2017 taxes.

Read more

Will There Be A Pass-Through Tax Break For Retirement?

Will There Be A Pass-Through Tax Break For Retirement?

Need an extra incentive to ease into retirement with a part-time gig? Or to earn some extra cash to supplement your Social Security and IRA payouts? Would the chance to treat 20% of your freshly found income as tax-free do the trick?

If so, say thank you to the U.S. Congress.

The new tax law creates a special 20% deduction for “pass-through entities,” a category that includes most businesses in the U.S., whether they are organized as a Subchapter S corporation, a limited liability company or a sole proprietorship—that is, simply working for yourself. Basically, you’re a pass-through if you’re not a regular corporation.

That, in fact, was the driving force behind this deduction. The new law slashes the corporate tax rate from 35% to 21%, but it only slices the top personal rate from 39.6% to 37%. Because pass-through income is hit by personal rates, the 20% deduction is an attempt to share the wealth by cutting small-business taxes, too. Shielding 20% of qualifying income from tax effectively cuts the top rate from 37% to 29.6%, which is 10 full percentage points below the old top rate.

So, how big a deal is this? It could be huge.

Cotty Lowry, a highly successful real estate agent in Minneapolis, reports that his accountant thinks he’ll be a “big winner” under the new tax bill. The 20% write-off can apply both to Lowry’s net income from his real estate business and to the rental income thrown off by several buildings he owns. At 71, Lowry, who operates as a Subchapter S corporation, has been thinking of slowing down. But he says the new tax break that lets him keep more of what he earns in commissions, plus the “pure joy of helping my clients,” may encourage him to maintain his current pace a while longer.

How the Pass-Through Deduction Works
The 199A deduction, named after the section of the tax code that authorizes it, applies to “qualified business income.” It’s probably easiest to cite what does not qualify: earnings by an employee, earnings by a regular corporation and earnings from “specified service” businesses that provide service in fields such as health, law, accounting, performing arts and athletics.

You might wonder what’s left, but don’t worry. There’s a gigantic exception. The specified-services poison pill only applies to high-income individuals. If your income is less than $157,500 on an individual return or under $315,000 on a joint return, you can deduct 20% of your qualified business income even if it comes from a specified-service business. The write-off is gradually phased out as income rises above those levels. Because this article addresses side gigs in retirement, we’ll assume you qualify.

The IRS is still figuring this all out, but it’s likely the new deduction will be figured on a special form and then entered on the Form 1040 as a subtraction from adjusted gross income.

What kind of pass-through-income work might make sense for you? Consider phasing into retirement by becoming a consultant for your former employer. Janet Bodnar retired last year from her position as editor of Kiplinger’s Personal Finance magazine. But she didn’t hang up her typewriter. She occasionally writes for the magazine, and as an independent contractor, her earnings qualify for the pass-through tax break.

You don’t have to be a major league landlord like Lowry to get a 20% break on rental income. The IRS hasn’t written regulations yet, but Steve Fishman, author of Every Landlord’s Tax Deduction Guide (Nolo, $40), says he believes that owning a single rental property will rise to the level of a business, opening the door to the new deduction. Get creative. Do you make and sell crafts at local fairs or online websites such as Etsy? Drive for Uber or Lyft? Babysit, run a dog-walking service, tutor children or give music lessons? The new tax law gives you more incentive than ever to develop a new retirement income stream. And if you already have one, you’ll get to keep more of what you earn.

source: kiplinger.com

Two Troubling Bubbles Putting U.S. Economy at Risk

Two Troubling Bubbles Putting U.S. Economy at Risk

Former Fed Chair Alan Greenspan just warned about these new bubbles in the economy, saying it’s no longer a matter of if, but when the next one will pop. Here’s what you need to know now…


Peter Reagan, March 20, 2018

On January 31, two days before the stock market’s recent sell off, former Fed Chair Alan Greenspan warned:

I think there are two bubbles. We have a stock market bubble and we have a bond market bubble.”

Greenspan believes the ever-increasing government deficit is behind these bubbles, pointing out that the federal debt to GDP ratio is greater now than it was during World War II.

Greenspan also revealed that he doesn’t have confidence in when this situation will be fixed:

“I think we’re getting to the point now where the breakout is going to be on the inflation upside. The only question is when.

Other Experts See it Too

Greenspan isn’t alone in his concerns. William White, former Chief Economist for the Bank for International Settlements, said he believes that we’re in an even more dangerous situation today than we were at the peak of the last bubble. Meanwhile, Peter Schiff says:

“The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash.”

Could a downturn be just around the corner?

How to Hedge Against the Risk

With the stock market seemingly on the brink, and financial experts voicing their concerns, it’s no longer a matter of if, but when the bubble will pop. And when it does, do you want your IRA or 401(k) exposed during the crash?

Don’t leave your hard earned savings exposed. That’s why so many have already moved their savings into something that’s proved, time and time again, to protect against economic uncertainty: physical gold.

While you still can: Get a FREE Info Kit on Gold here. There is zero cost and zero obligation to you – we’ll even pay for shipping.

Plus, this 16-page “insider’s” guide reveals the little-known IRS Tax Law to move your IRA of 401(k) into an IRA backed by physical precious metals – without paying any taxes on the transfer.

It’s an excellent option for anyone who wants to take advantage of this opportunity with any savings in their retirement account.

But remember, you must act soon. Once the bubble pops, it may be too late to take advantage of this opportunity. To get started, click here to get this free info kit on gold.


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