Get Your IRA Out of Uncle Sam’s Cross Hairs

In this week’s Hidden Wealth Review, I teach about Washington’s all-out war on wealth. I’m calling this an all-out war because they’re not just coming for more tax on our income, they’re coming for more tax on our assets. Examples of this are:

• Growth Tax
• Higher Capital Gains Tax
• Inheritance Tax to our Children and Grandchildren
• Tax on IRA Income

The government giveth and the government taketh away. Prior to 2010, you could NOT do a Roth conversion if your income was over $100,000. What if they were to change the rules again? What affect would this have on your retirement and retirement savings? What if you could get your IRA out of Uncle Sam’s cross hairs and get your retirement savings insulated from the IRS? What if you could protect your retirement and inheritance by using a Roth IRA conversion before you may no longer be able to do one?

Senator Joe Wyden (D-Oregon), a proponent of many war on wealth strategies, has been picking on investor Peter Thiel, one of Facebook’s original investors. As the story goes, back in 1999, Thiel put in an amount of between $2,000 to $10,000 in Facebook stock (before it went public) in his Roth IRA. That IRA has now grown to over $5 billion! Joe Wyden has called this a tax loophole for the rich. Senator Wyden believes that Roth IRAs should only be for low to middle income Americans and of course, he doesn’t even define what that means in regards to income or assets.

A change in the tax code regarding Roth IRAs is a serious legislative possibility. There’s a potential that the tax code could be changed so that you are limited in the amount of money that you can convert into a Roth. This is a strategy that will punish those who have saved well from protecting themselves and their family’s assets from taxes. The time to get a Roth conversion done is before they change the rules, possibly after 2021.

This coming Tuesday, at my Wealth Protection and Preservation Webinar, I will teach you the importance of getting your money untaxed and the importance of protecting your money from the market. I want to teach you how, if you qualify, you get your IRA money untaxed by using a little-known provision of the Tax Cuts and Jobs Act (TCJA). This provision will give you an up to 100% tax deduction that will cover the taxes due on a Roth conversion.

IRAs are ticking tax time bombs, especially in a rising tax and inflation period when higher tax increase policies are being discussed as a way to pay for runaway government spending. Many people in their seventies and eighties are calling us, asking for help because they are now paying more tax than ever before in their entire lives. They are getting hammered by having 85% of their Social Security taxed, paying higher Medicare Parts B and D premiums and being pushed into higher marginal tax brackets. One solution is look at doing a Roth conversion and learning how you can let the TCJA tax deduction cover the taxes due on the conversion.

How Do I Get My IRA Out Of Uncle Sam’s Cross Hairs?

You’ve worked hard for your money. Imagine, more financial success, less stress, less worry and less tax. Being a low or no tax retiree is possible but, you need to learn how it’s done.

Tuesday, during my Wealth Protection and Preservation Webinar, I will teach you some of the strategies and initiatives that our clients have used to lower their taxes. But you must act now, before we lose many of the tools that make these tax-savings possible. Now is the time to protect yourself from Washington’s all-out war on your wealth!

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 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!

Joe Biden’s tax plans are targeting high income earners, those with large capital gains as well as those with estates valued over $3.5 million. We find those higher income earners of $200,000 or more or those who have saved $1 million or more benefit the most from our proven solutions with a track record of measurable results.

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