Higher Taxes = “Double Risk Whammy”

In this week’s Hidden Wealth Review, I teach that, according to the Chicago Tribune, the end of the year is a great time to be thinking about planning around money. From Thanksgiving until the start of the new year, many people have extra time to relax, step back and take a breath.

There may never be a more important time to have a market correction and tax protection plan. An example of why this time is important comes from Goldman Sachs recent statement that the Democrat’s intent to raise taxes is dangerous for the stock market and that a win by Elizabeth Warren could lower corporate earnings by 11%. Whether it’s Biden or Bernie beating up billionaires, our taxes are about to change and not for our benefit! The New York Times has reported that as Elizabeth Warren makes political gains, Wall Street is sounding the alarm. Prominent money managers have predicted a double-digit decline if a Democrat takes office.

How higher taxes produce a “double whammy” effect:
1) Higher taxes lead to a higher cost of goods and services for you and I, the consumer. This is, in a way, a form of indirect tax on us.

2) People paying more for goods and services requires them to take more money out of the stock market. This outflow of money drives down market prices.

You may recall that there was tremendous market volatility at the end of 2018. The S&P index lost 14% just in the last three months of the year. Now, in addition to the end-of-year volatility, there’s growing anxiety over the uncertainty of the presidential election that’s now just 12 months away.

As uncertainty over the election grows, market volatility will increase. This will cause many people to lose money in the market.

The time to protect your wealth is now! Having a market correction and tax protection plan couldn’t be more timely than it is right now. This coming Tuesday, I’ll be teaching one strategy for protecting your money from market losses and unnecessary taxes. I call this strategy the rich man’s Roth.

This coming Tuesday, I will be teaching my Wealth Protection Webinar. During this no-cost, no-obligation educational event, I will be teaching the rich man’s Roth strategy. This unique strategy will insulate your savings from stock market losses and the effects of higher taxes.

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. Let me teach you how to protect your retirement savings from market losses and unnecessary taxes.

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-

RetirementProtected.com

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Here’s to your Hidden Wealth,
Chuck Oliver
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