The Santa Claus of Secret Savings

What if instead of presents, Santa brought you…tax tips? The GenWealth team and eight tiny reindeer bring you some tips to beat the man in 2020.

Originally aired 12/21/2019

Check these disclosures so we don't end up on the naughty list:

• Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
• Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
• Mortgage backed securities are subject to credit, default, prepayment, extension, market and interest rate risk. 
• Traditional IRA account owners should consider the tax ramifications, age and income restrictions in regards to executing a conversion from a Traditional IRA to a Roth IRA. The converted amount is generally subject to income taxation. 
• Fixed and Variable annuities are suitable for long-term investing, such as retirement investing.  Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.  Variable annuities are subject to market risk and may lose value.