Get Your Tax Protection Plan Done in 2021

In this week’s Hidden Wealth Review, I want to teach that the tax hikes and higher tax headaches are coming for Baby Boomers and retirees. The House has approved over $2.1 trillion in tax hikes and here’s what’s coming for us. If you are a high income earner, a strong saver in 401(k)s and IRAs, have sold or are planning on selling an asset with a capital gain or, if you are contemplating Roth conversions, the war on wealth is here and the tax hikes have arrived! The time to get tax protection done is before the end of 2021.

Here are the key tax hike changes:

1. The top tax rate has been raised to 39.6%. All tax rates will be increased about 3%.
2. The capital gains tax rate has been increased from 20% to 25%, retroactive to September 13, 2021.
3. Corporate taxes were raised from 21% to 26.5%.
4. For small business owners, the qualified income deduction was capped.

Across the board, taxes are going up. The Biden administration’s claim that taxes won’t go up for those making less than $400,000 a year is not entirely true. When you raise taxes on corporations, they simply pass that cost along in the form of higher prices on their goods and services. They also lower the returns to investors and stockholders. Another way corporations deal with increased taxes is to hire less people. This, in turn, lowers income tax receipts and Social Security and Medicare payroll deductions.

Like many of you, our clients Mark and Dotty were worried about taxes on their income, assets and legacy. They also needed to replace income from their rental properties they are selling with a large capital gain and Mark’s W-2 income.

Using a deduction I will teach about this coming Tuesday during my Wealth Protection and Preservation Webinar, they were able to convert all of their remaining traditional IRAs to Roth IRAs without paying a single dollar from their own pockets. They also used the same deduction to save almost $100,000 in taxes related to their capital gain.

They also used investments with higher returns and less risk. These investments, which will be prohibited to be held in a Roth IRA after this year, give them 50% higher returns with less risk. This solution resulted in 50% more income then their current income, with a large portion of it being tax-free!

How Do I Get My Tax Protection Plan Done In 2021?

Avoid the tidal wave of turbulent taxes or else your financial future will be impacted. Don’t allow taxes to reduce your returns! You can learn how by registering for my Wealth Protection and Preservation Webinar right now. This Tuesday I’ll be teaching this strategy and more including, how to lower your risk, how to increase your income and how to avoid paying higher taxes.

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