Please Click the Video to Watch This Important, Short Message 

biden billionaire

In this week’s Hidden Wealth Reviews, I teach that recently, President Biden unveiled a new $5.8 trillion budget. This includes the highest tax hike in U.S. history. They will need anywhere from $2.5 trillion to $3 trillion (plus) of new taxes in order to pay for all of this additional spending. The Biden administration claims they are going to start by collecting these new taxes from billionaires. In an article in Forbes, William Baldwin wrote that billionaires are the first targets of the tax hikes and then, the rest of us are next. Here are a few of the changes to expect:

  • Higher income tax rates
  • Changes to the rules governing Roth IRA conversions
  • Higher taxes for real estate sales involving depreciation recapture
  • Step up in basis treatment for inherited assets
  • Inherited IRA Required Minimum Distribution (RMD) changes – if the original owner of an inherited IRA was already taking RMDs, a non-spouse inheritor must still take an annual distribution and must liquidate the account within 10 years.

With this new budget proposal, the federal government needs a lot more money to fill it’s coffers.

These alarming tax code revisions are focused on the rules regarding Roth conversions and changing the rules about the step-up in basis tax treatment. This Tuesday, at my Wealth Protection Webinar, I’ll be teaching about the real threat to your retirement. If you’re a high income earner or a strong saver in IRAs, 401(k)s or other tax-deferred retirement savings accounts, you’re Biden’s big-time tax target. This is especially troublesome as we head into the largest tax increase in U.S. history with a stalling economy that many people see as already being in a recession. Also, inflation is at a 40 year high, making the hurdles to a safe retirement just that much higher!

If you go back to 1995 and add up all of the money saved in tax-deferred retirement savings accounts, the total was about $3 trillion. If you add up these accounts in 2020, the total exceeds $22 trillion. This huge repository of retirement savings is why these accounts have become the tax target. I want to teach you what you can do to protect yourself!

Click Here to learn why tax-deferred savings accounts have become the Biden administration's favorite tax target and the challenges that business owners and those who own real estate will face under the Biden tax proposals.

Imagine, more financial success by avoiding unnecessary taxation, although timing will be key. If you are selling a business, taxes are going to be higher. If you own highly appreciated real estate that you were thinking of not selling in order to pass the asset to your heirs with the step up in basis (to avoid taxes) you should re-think this strategy.

If you own real estate that you recently sold or if you are looking to sell it at the current high prices beware, the government is looking to change the depreciation tax rules. They want to change Section 1250 of the tax code which covers depreciation recapture. Today, the highest tax rate on depreciation recapture is 28.8%. Joe Biden wants to raise the depreciation recapture to the highest federal income tax rate of 39.6%!

There is also a plan to deny Roth conversions to taxpayers who report more than $450,000 of taxable income on a joint return. Many people believe that this is the simply the beginning and that Roth conversion income limits will be lowered further. The Roth conversion strategy is a big winner if your marginal tax bracket is destined to go up, which will be the case for many people when the 2017 tax cuts expire.

The good news is that there is still time to learn what you can do in 2022 to protect yourself from being taxed to the max. Register now for this coming Tuesday’s Wealth Protection Webinar.

During this event, I’ll be teaching strategies of which most people are unaware. These unique solutions allow up to a 100% tax deduction to offset capital gains, reportable income and the taxes due on a Roth conversion. It’s important to learn and implement these solutions before the Tax Cut and Jobs Act (TCJA) sunsets in 2025 and the tax rates revert to their pre-TCJA levels. There’s a rumor that the Democrats may move to eliminate the TCJA tax rates before they’re currently scheduled to end.


To register for Tuesday’s no-cost, no-obligation, log on and learn financial educational event, simply follow these four simple steps:

  1. Go to (or scroll down to the form below).
  2. Select the webinar date/time you prefer.
  3. Enter your information thoroughly – make sure to double check your email address.
  4. 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!

This misguided administration’s plans are targeting high income earners and strong savers in 401ks and IRAs. These are the people who will benefit the most from our proven solutions. 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.

CHuck Oliver Retirement Breakthrough

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.

Chuck Oliver
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!