$2 Trillion in Tax Coming to Baby Boomers Now!
In this week’s Hidden Wealth Solution Insight, I teach that the first of the Baby Boomers must start taking Required Minimum Distributions (RMDs) from their IRAs, 401(k)s and other tax-deferred accounts. RMDs are legally forced percentage withdrawals from these tax-deferred retirement programs. The government is licking its chops in anticipation of this huge tax windfall. Assuming just a 15% tax rate, the projected revenue …