Tax savings and retirement plans for trial lawyers, plan now for next years taxes

Ok, if you are a trial lawyer and last week you had a painful conversation with your CPA or tax professional about the amount of tax you owed, or how depleted your retirement account is, then you absolutely need to view this weeks edition of Speaking of Settlements, which gives you a quick look at how trial lawyers and litigators can accomplish the following:

• Convert taxable income into fully tax deductible income by taking advantage of structured legal fees and certain retirement plan options.
• Remove all market risk from your retirement planning and know in advance exactly how much retirement income you will have at a certain age, regardless of market performance.
• Cut your current tax bill by the tens or hundreds of thousands of dollars by doing some very basic and simple advance planning.

As the host of The Settlement Channel, Mark Wahlstrom, states in the video, this is not some esoteric plan that is going to give your CPA a heart attack or keep you up at night wondering when the IRS is going to knock on your door. This is plan that is based on long standing tax law and principals that allow trial lawyers to defer their taxable income into future years, guarantee those payments and then direct them into exceptionally conservative guaranteed benefit retirement plans. It's a basic plan, it works like nothing else in the financial community, but you have to speak with an expert BEFORE your case settles in order to take full advantage of it.

Check out this weeks edition of Speaking of Settlements to learn more about tax savings and rebuilding your retirement program.