Episode 6

full
Published on:

22nd May 2020

TAX SMART TAX ZERO - EP 6 - CRD’S & THE $100K GIFT INSIDE

What are Corona Virus Related Distributions (CRD's)? Under normal circumstances, your 401(k) funds are held hostage by your employer with severe penalties for any attempt of access prior to age 59 1/2. In the midst of a pandemic, this special opportunity has been granted but must be used by year end. Let's explore its MANY TAX benefits!!!!

Karen Scott Mims, Esquire.

https://www.taxsmarttaxzero.com/

Show artwork for Tax Smart Tax Zero

About the Podcast

Tax Smart Tax Zero
The Path to the 0% Tax Bracket with Karen Scott Mims, ESQ.
Most people simply ignore taxation through the 4 phases of wealth.
Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket.

How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do?

Easy.

Welcome to the Tax-Smart Tax Zero podcast.

This is a show all about TAX-FREE wealth.

Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to submit on April 15th.

But the real goal is to implement STRATEGIC tax planning!

We invite you to take the journey and explore the Path To the 0% Tax Bracket.
It's time to Divorce Uncle Sam From Your Wealth!

Welcome to the world of your host, noted Tax Attorney and Private Wealth Strategist,

Karen Scott Mims, Esquire.