How to Avoid Kamalanomics!

In this week’s Hidden Wealth Reviews I teach how to avoid Kamalanomics. Bidenomics was bad enough. Depending on what happens in November, things may be about to get a lot worse. Due to the current focus on price fixing proposals and housing market stimulation schemes, many people have forgotten that Kamala Harris, the co-sponsor of the Green New Deal, proposed $100 trillion dollars for her plan.

The personal financial danger in this is that this money is going to have to come from somewhere. Ninety five percent of the people with whom we meet have saved 95% of their money in tax-deferred accounts such as 401(k)s and IRAs. This vast storehouse of untaxed money is where the government plans to get the money it needs for outrageous spending programs. This coming Tuesday, at my Remove Your Wealth from Washington webinar, I’ll be teaching you how to remove your savings from the tax system.

The one thing that clients universally ask for is a comprehensive, written retirement plan. We go one step further and provide our clients with a written tax plan. The tax plan is necessary because there are all types of taxes that happen when your start to take money out of tax-deferred savings accounts. Let me caution you, the longer you wait to take money out of tax-deferred accounts, the more money you will pay (even if tax rates don’t increase).

Most people believe that tax rates will go up, just based on the entitlement programs that we’ve already promised. Over 4.1 million people in the U.S. will turn 65 years old this year. The number of people turning 65 will remain at four million each year through 2027. In about six years, we will have more 65-year-olds in this country than we will have 18-year-olds! That’s a problem because fewer people will be paying into taxes, Social Security and Medicare, while the demand for entitlements increases. The only way to solve this dilemma is to either cut spending or raise taxes.

Learn More About How To Avoid Kamalanomics

The threat to raise taxes to unprecedented levels has never been greater. Don’t be controlled by taxes! Go to RetirementProtected.com and register for this coming Tuesday’s no-cost, no-obligation financial educational webinar. Learn how to remove your wealth from Washington’s war on wealth. Get educated now, because things will only get worse should we become subject to Kamalanomics.

We recently met with a retiring couple from Minnesota. Real estate had been very good for them, but they wanted to divest. They were looking for income that was outside of the tax system and they wanted to preserve the wealth that they had worked so hard to build.

Ordinarily, selling their real estate would cause them to face a very sizable capital gain. We showed them how to divest and legally avoid the capital gains tax. We also showed them how they could enjoy a six-figure, tax-free income. This increased the amount of money they will have in retirement, but it also increased the amount of time they will have, since they no longer have to manage their real estate.

They were also able to get all of their traditional IRAs converted to Roth IRAs without spending a penny out of their own pocket. They did this using strategies that I’ll be teaching at Tuesday’s webinar. Thinking about year-end money moves now, instead of late November or December, gives you time to learn new strategies and develop comprehensive wealth and tax plans. Now is a great time to minimize your upcoming tax bills, get your RMDs in order and make sure your investments are on track.

Register for Tuesday’s webinar by following these four simple steps:

1. Go to www.RetirementProtected.com 
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!

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