Please Click the Video to Watch This Important, Short Message
In this week’s Hidden Wealth Reviews, I teach that, this past week, the Biden administration launched the biggest tax increase in our nation’s history! The Biden administration is proposing a $5.8 trillion budget. Included in this proposal are:
- A Wealth Tax
- A Billionaires Tax
- A Minimum Tax
- Increased Marginal Tax Rates
The feedback from businesses is that everyone is going to feel the economic pain from this. President Biden is making a renewed push to galvanize congressional Democrats to overhaul the nation’s tax code and dramatically raise tax rates for corporations and wealthy Americans. The more you tax businesses, the more you slow the economy. This results in:
- Lower Corporate Earnings
- Less Profitability
- Lower Wages
- Less Spending
- Dwindling Consumption Tax
As a result, everyone’s taxes are going up! Inflation has already caused an 8% reduction in buying power. When the actual tax increases arrive, more people will be left with less money at the end of the month.
I talk with many people across the country each week. I know that everyone is already feeling the pinch of higher gas and grocery prices. The last time inflation was this high was 40 years ago, in 1982.
Our national deficit has ballooned. There is a movement in Washington to eliminate the Tax Cut and Jobs Act (TCJA) sooner then it was originally set to expire at the end of 2025. This will reinstate the higher tax brackets and lower bracket thresholds that were in effect prior to the TCJA.
Who’s going to pay for all of this? It’s people such as you and I, those who I call the “makers.” But there are things you can do about it. Register for this coming Tuesday’s Wealth Protection Webinar and learn what you can to to keep yourself from being financially pulverized by the takers.
Click Here to learn how John and Ruth, from Indiana, were able to eliminate unnecessary taxes, increase their income, dictate their own risk level, off-set a potential income loss and provide critical and long-term medical care protection.
John and his wife, Ruth, are both in their seventies. Their goals were to eliminate taxes and maximize their income by building their savings in a conservative way. John was looking for a place to keep their traditional and Roth IRAs safe. He wanted to lower their future tax burden and to protect their three adult children from unnecessary inheritance taxes.
John was a few years into his Required Minimum Distributions (RMDs) and Ruth is just starting hers this year. John was in the process of converting his traditional IRAs to Roth IRAs, in order to reduce their future tax burden. The Roth conversion process was costing him more than he had ever imagined.
John has a defined benefits pension, but there is no provision for survivor’s benefits. If John passes way first, Ruth would need to replace $15,000 a year in income.
We helped John and Ruth learn how to convert their IRAs to Roth IRAs in the mot tax efficient way possible under current tax laws. They learned what’s been called the Roth Alternative or the Rich Man’s Roth. This account grows without taxes, can be used without taxes and can pass to your heirs, again without taxes. It uses indexing rather than investing, which provides a floor of protection so that you enjoy upside market gains without ever suffering downside market losses. It can also provide critical and long-term care if necessary.
Based on what they learned, John and Ruth’s savings are now protected from losses to the market and to unnecessary taxes. They have the ability to choose the level of risk with which they are comfortable. Ruth can replace John’s pension income should he pass first and their adult children will not be subjected to unnecessary inheritance taxes. You can learn to do the same!
Learn how to protect your savings and income from higher taxes. You can use these unique solutions as a repository for otherwise spendable cash, cash flow and proceeds from the sale of an appreciated asset. This is especially helpful, in light of higher capital gains taxes.
Learn WHAT YOU CAN DO TO AVOID THE HIGHEST TAX INCREASE IN HISTORY!
This coming Tuesday, at my Wealth Protection Webinar, I will be teaching how to un-tax your retirement savings before taxes increase dramatically. Learn how to reduce or eliminate the taxes due on a Roth conversion. Imagine, creating your own Roth Alternative; one without all the government red tape and tax traps.
To register for Tuesday’s no-cost, no-obligation, log on and learn financial educational event, simply 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!
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.
Spouses and Significant Others are Encouraged to Attend This Event Together
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!