Biden’s Budget Bringing Trillions in New Taxes!

by | Hidden Wealth Reviews

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In this week’s Hidden Wealth Reviews I teach that Biden’s budget is bringing trillions of dollars in new taxes! Bidens’s proposed budget will double the capital gains tax rate to 44.6% and add a second “death tax” on inherited, unrealized appreciation. It also drops the threshold for estate tax exposure. That’s in addition to the onslaught of other additional taxes in the newly proposed, $4 trillion of new taxes.

House Speaker Mike Johnson has said that the Biden proposed budget demonstrates an “insatiable appetite for reckless spending” and a “disregard for fiscal responsibility.” The Biden budget has been referred to as a roadmap to accelerate America’s decline.

The Producer Price Index (PPI), which measures the average change over time in the selling price of domestically produced goods, was projected to rise .03%. The actual index value came in at .06%, double the projected inflation level increase, signaling that inflation will continue to rise at the consumer level!

Many people believe that taxes trump all decisions. Don’t let taxes fool you. You can control the taxes, if you know what to do. I want to teach you what you can do to protect yourself! Go to RetirementProtected.com and register for this coming Tuesday’s Tax Protecting Your Retirement webinar.

The big box store brokerages have an accumulation planning only approach to retirement. We hear from people wanting to move from the accumulation phase of retirement planning to the preservation planning phase. They reach out to us looking for comprehensive, holistic retirement planning that addresses taxation, inflation, protection from the risk of savings deterioration and tax-free family legacy.

The proposed Biden budget is a bullseye on those of us who have worked hard and saved hard. Proper self-protection requires an overview of asset optimization, asset protection and estate protection. This allows you to see your tax and estate risk roads as well as your heir’s tax exposure.

Click Here to discover how a client was able to use a little-known strategy we taught him. He learned how to use $100,000 to create a $1,000,000 tax deduction which he then used to remove his savings and his assets from the tax system.

We met with a gentleman who had around $600,000 in his IRAs. He wanted to convert these traditional IRAs to Roth IRAs so that he didn’t have any Required Minimum Distributions (RMDs) looming in his future. He also wanted to avoid tax risk to his children’s future inheritance.

He was about five years away from the start of his RMDs. However, he has first hand knowledge of the tax impact of RMDs because he is already being forced to take RMDs from the IRAs he inherited from his father. The last thing he needs is his own RMDs pushing his taxable income even higher.

Using a strategy that I will be teaching at Tuesday’s webinar, he placed $100,000 into a strategy that provides a 10 times deduction ($1,000,000). The first year he was able to take a 60% deduction ($600,000) which he used to cancel out the tax that would have been due on converting his $600,000 traditional IRA to a Roth IRA, costing him zero tax out of his pocket. Now, he has the remainder of the $1,000,000 deduction ($400,000) that he can use over the next five years. He can now use the remaining deduction to liquidate his RMDs in a more tax-efficient manner.

How Big is Your Retirement Tax Bill?

CLICK HERE TO FIND OUT IN 30 SECONDS

Don’t Let New Taxes Jeopardize Your Retirement

Let us teach you how to better discover and uncover your hidden wealth. Register for and attend this Tuesday’s webinar to learn about different strategies and tax-savings techniques that protect you from the loss of the market’s downside and from the taxing of the market’s upside.

First, go to RetirementTaxCalculator.com and learn, in 30 seconds, how much tax exposure you have. Then, register for Tuesday’s no-cost, no-obligation financial educational event by following these four simple steps:

  1. Go to www.RetirementProtected.com (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!

The bloated Biden budget is bringing trillions of dollars in new taxes but you can get yourself unexposed. You work hard for your money. Imaging, less stress, less worry and less concern about Joe Biden’s tax target.

Strong savers in 401(k)s and IRAs and high income earner are the people who will benefit the most from our proven solutions. Proven solutions with a track record of measurable results. Imagine less stress, less worry. Peace of mind retirement protection.

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!
www.TheHiddenWealthSolution.com