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tax law changes
In this week’s Hidden Wealth Review, I teach that the number one question we get from Baby Boomers and retirees from across the country is, “How can I protect my retirement?” This question really boils down to, “How can I protect my serious retirement savings from socialism?”
As the country moves towards socialism, prices and taxes will increase. You can see this happening now. The Consumer Price Index just hit a 13 year high and the Producer Price Index, which measures the increase in the selling prices for producers, set a record 6.6% increase in May! These price increases are a “hidden” tax that’s going to erode the preferred lifestyle of retirees. To keep up with the increases, retirees will be forced to draw higher distributions in order to maintain their purchasing power and to fend off higher inflation and increased taxes.
There has to be a way to pay for all of these higher prices. Businesses and corporations pay for these increases by charging higher prices for their goods and services. Governments pay for increased prices by raising taxes. Rising prices often go hand-in-hand with increased taxes. Please click the link below to learn about the current tax proposals and proposed tax law changes that are just around the corner as well as some tax changes that will go into effect this year.
This Tuesday, at my Wealth Protection and Preservation Webinar, I’m going to be teaching how you can remove unnecessary taxes and out-fox inflation. You will learn how to get Uncle Sam out of your IRA and get the IRS out of your inheritance. Discover how to keep your Social Security from being taxed and your Medicare premiums from being unnecessarily increased. I will also teach you how to avoid being pushed into a higher marginal tax bracket.
Going into the Memorial Day weekend, the Biden administration pulled a sneaky trick on America. On the edge of the holiday weekend, they slid in their fiscal year 2022 budget, which goes into effect this October. Amazingly, the budget makes some tax increases retroactive to April! The time to get tax savings done to protect yourself and your savings from being taken over by socialist is in 2021.
To make matters worse, the stock market is becoming more volatile due to higher inflation and taxes. The Dow Jones Average fell nearly 400 points late Friday morning, a drop of around 1.1% in the first few hours of trading. This is the fifth straight day of losses, with the average falling more than 3% in the last week. The S&P 500 and the Nasdaq were notably lower as well.
Pam is a client of ours from Colorado. She was concerned because, like most Baby Boomers and retirees, the majority of her retirement savings were in 401(k)s and IRAs. She was worried not only about higher taxes to her, but about the taxes she would pass on to her daughter and grandson. She wants to provide for them when she passes, verses leaving more to the government.
Pam took the time to learn and implement unique tax-savings strategies. Using a strategy that may not be available after this year, she Roth converted several hundreds of thousands of dollars from her traditional IRAs to Roth IRAs with zero tax!
She also reduced the tax on her Social Security and avoided any increases in her Medicare Parts B and D premiums. At the same time, she eliminated any inheritance tax to her daughter and grandson. In addition, her solution avoids stock market volatility because a portion of her allocation has zero market loss risk. Pam also learned about proprietary programs with locked in yields of 7% and 8% with no fees and without direct stock market correlation.
How Do I Protect My Retirement From The 2021 Tax Law Changes?
You’ve worked hard for your money. Protect your retirement from socialism. The inflation indicators are heading higher and higher costs are already here. Lumber is up 400% over the last 12 months. Used car prices are up 21%. Real estate and grocery prices are soaring and the stock markets are dropping. The time to learn how to protect your savings is now!
To learn how to protect yourself and your savings from socialism and volatile markets, simply register for my no-cost, no-obligation, log on and learn financial educational event. To register for this no-cost, no-obligation, log on and learn financial event, follow these four simple steps:
- Go to www.RetirementProtected.com (or scroll down to the form below).
- Select the webinar date/time you prefer.
- Enter your information thoroughly – make sure to double check your email address.
- Click “Reserve My Spot!” to submit, that’s it!
Once you’ve registered, you’ll receive an email containing a personal access link to join Tuesday’s event. Don’t forget to add it to your calendar!
Imagine, more financial success, less stress, less worry and less tax! These are the things that you can control. The time to get them done done is in 2021.
Joe Biden’s tax plans are targeting high income earners, those with large capital gains as well as those with estates valued over $3.5 million. We find those higher income earners of $200,000 or more or those who have saved $1 million or more benefit the most from our proven solutions with a track record of measurable results.
Register for your preferred webinar time now because these events have proven to fill up fast.
Those who attend this event will receive a complimentary copy of my latest eBook:
The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
Spouses and Significant Others are Encouraged to Attend This Event Together
Note: We serve Boomers and Retirees all over the Unites States. We have an efficient, supported process to meet online, as have been doing for over 20 years. Our online meetings are private, the access is restricted and we never share our meeting link with anyone who’s not a part of the meeting.
Wealth Strategist | Best-Selling Author
We help Baby Boomers and Retirees thrive in retirement through a clear retirement road map that provides market correction and tax protection to optimize income and assets!