In this week’s Hidden Wealth Review, I teach the immediate importance of immunizing your IRAs from the IRS. This week, the House passed a bill entitled, the “SECURE Act of 2019.” SECURE stands for “Setting Every Community Up for Retirement Enhancement.” This is the biggest change to retirement legislation in over a decade. The purported purpose of the bill is to encourage saving for retirement.
While I obviously support saving for retirement, there’s a two-fold challenge surrounding this bill.
1. How and who will pay for this program? As you may have guessed, those who have worked hard to save will get taxed hard in order to subsidize those who have not saved.
2. The “loss of legacy” forced liquidation rule. A non-spouse who inherits an IRA will have just five years to remove all of the money from that IRA. This means that adult children will likely have to take this inherited IRA money during their highest wage-earning years. This generates more tax money for the government at the expense of your children.
Learn how you can disinherit the IRS rather than effectively disinherit your children by creating a huge tax burden for them. It seems as if there are new taxes being proposed daily. If there was ever a time to use a government tax savings gift card before it expires (maybe as soon as the 2020 election), that time is now!
This coming Tuesday, I’ll be teaching how you can have a zero tax rate on your income, how to get the IRS out of your IRAs with zero tax out of your own pocket and how to manage your marginal tax bracket. Now is the time to immunize your retirement from the IRS, but you must act while there’s still time!
To register, go to www.RetirementProtected.com, enter the required information and submit your registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event.
I encourage you to register for your preferred webinar time now, because these events fill up fast. For those who attend this event, I will gift you an e-copy of my latest book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
-Spouses are encouraged to attend this event together-
(855) No Tax 2 U
We are excited to announce our latest press release. Great things are happening at The Hidden Wealth Solution! Click here to read the full release.
Here’s to your Hidden Wealth,