ANCHORAGE, AK / ACCESSWIRE / April 20, 2021 / Ever notice how the words the and IRS combine to spell THEIRS? It doesn't have to be that way, though. Not completely, anyway.
How to leverage modern financial planning to turn the tables on the IRS and avoid paying hefty taxes in retirement is the subject of a new book by financial advisor, author, and speaker James Miller of Baobab Wealth Management. Divorce the IRS: How to Defuse Your Biggest Tax Time Bombs Before You Retire shows exactly how the IRS has designed a tax system that incentivizes you to line their coffers over time with your money if you don't understand the rules.
"Whether you like it or not, we all have to pay taxes. We are taxed on our earnings, the things we buy every day, and even on the things, we earn by paying taxes, like social security! Paying taxes is directly responsible for about a third of our working hours," says Miller. "I wrote this book to help people learn about some of the biggest tax traps the IRS has created for many unsuspecting Americans. Tax Time Bombs that can rob you of your money right when you need it most… in retirement!"
Miller has worked with families and business owners for over 20 years and specializes in helping people plan for a tax-free retirement. "With proper, modern financial planning, it is actually possible to pay no tax at all during your retirement years. Even your Social Security can be tax-free if you plan properly!" according to Miller. "I was compelled to write this book because I really feel like no one should have to pay more to the IRS than necessary," Miller says.
The US tax code is over 74,000 pages long and contains over 3 million more words than the Bible. It's no wonder taxes are so misunderstood and become such a big issue in financial planning. It's not that people plan to fail, it's that they fail to plan. Divorce the IRS will help readers understand taxes in retirement and how to avoid any surprises.
DIVORCE THE IRS: How to Defuse Your Biggest Tax Time Bombs Before You Retire
About the Author:
As an American that was born in Zambia, married to a German, and having spent most of his life as an expat, James Miller, CRPC, is no stranger to untangling complicated tax issues. He and his family enjoy international travel, sailing, mountaineering, and spending time with those they consider true friends.
The founder of Baobab Wealth & Baobab Wealth Abroad, James helps Americans and cross-border families around the world to create real wealth for themselves and their families in tax-efficient ways so they can maximize their own dreams in life and beyond.
James Miller, CRPC
SOURCE: Baobab Wealth Management