In this week’s Hidden Wealth Solution Insight, I teach that there’s no debate about higher taxes. Hillary Clinton seeks the highest tax increase in this nation’s history; $1.3 trillion!
It’s no secret where she is going to get this huge amount of money. A large portion of it is going to come from money that’s trapped in IRAs, 401(k)s and even Roth IRAs.
Mutual funds and money that’s kept in brokerage accounts is also at risk of higher taxes. Hillary Clinton wants to raise the capital gains tax rate to 42%! Under her proposal, if your money manager moves your positions in less than a 12 month period, your gains could be subject to a 42% tax!
In Monday night’s debate, Ms. Clinton said that she is going to increase taxes on the “wealthy.” Hillary’s definition of wealthy might be everyone who’s not currently living in poverty.
The Congressional Budget Office has predicted that tax rates will have to double. David Walker, the former U.S. Comptroller General, has said that the country will be bankrupt by 2020, if the tax rate doesn’t at least double.
In the final analysis, regardless of who wins this election, tax rates are going higher. The most important step you can take is to protect yourself, today. Learn how you can get the government completely out of your IRA or 401(k) and how you can use other people’s money to pay the tax.
There are two main sections of the tax code that provide for 100% tax-free savings and income:
- 72e
- 7702
The top three benefits of having our unique solution with it’s proven track record of measurable results:
- Safety – no risk of stock market losses,
- Liquidity – no more being locked out of your money until age 59½ or forced to take money out at 70½.
- Solid (tax-free) returns – over 8.5% tax-free return, no negative years and a floor of protection.
This coming Tuesday, I want to teach you how to protect your retirement from higher taxes. Register right now for my no-cost, no-obligation educational webinar. Learn how you can enjoy a tax-free retirement income that features: liquidity, safety and a very strong rate of return. Go to www.RetirementProtected.com now and enter the required information.
Spouses are encouraged to attend this event together.
www.RetirementProtected.com
Or Call
(855) No Tax 2 U
(855) 668-2928
Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author