In this week’s Hidden Wealth Review, I teach how to not have the “hell” taxed out of you. New York Mayor and Democratic hopeful Bill de Blasio, wants a “fair“ tax rate of 70%! As a follow-up to his statement during the recent Democratic debate, Mayor de Blasio created a website, TaxTheHell.com.
If you’re between the ages of 55 and 75 years old and you have saved $200,000 or more in an IRA or 401(k), you are the wealthy and rich in Mayor de Blasio’s eyes. But I don’t mean to single out just one candidate. Every Democratic hopeful has said that their first action as president would be to abolish President Trump’s Tax Cuts and Jobs Act.
Regardless of where tax rates go, the rules of the game have already been changed. Congress is working out the details of a plan that will end “stretch” IRAs. The new law would require a non-spouse who inherits an IRA to liquidate the account within five or ten years. This plan will rob about 50% of every dollar saved into an inherited IRA.
This week, a client shared with me that he can actually get a better return on the taxes he’s saved than the return he earns on his money. It’s the return of tax that’s predictable. I want to teach you how you can learn to do the same thing.
You can learn how to rid yourself of retirement tax rate risk and make higher tax volatility vanish. Tax rate volatility is an even greater risk than market volatility. If any of the Democratic hopefuls gets elected in 2020, they are guaranteeing that they are going to take more from you in tax.
Timing couldn’t be more important than it is right now. Let me teach you why the timing of your tax rate and future tax rate volatility has never been more critical. The good news is that you can become a tax-free retiree and disinherit the IRS from your IRAs.
This coming Tuesday, I will be teaching my Wealth Protection Webinar. During this no-cost, no-obligation educational event, I will be teaching a strategy that allows you to eliminate the tax-rate volatility threat to your retirement.
To register, go to www.RetirementProtected.com, enter your information and submit the registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event. Imagine, strategically and legally avoiding all unnecessary taxes. This includes income, Social Security, Medicare and future taxes on inherited IRAs!
I encourage you to register for your preferred webinar time now, because these events fill up fast. Those who attend this event will receive 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-
www.RetirementProtected.com
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(855) No Tax 2 U
(855) 668-2928
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Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author