How To Avoid Unnecessary Taxes on Capital Gains

In this week’s Hidden Wealth Review, I teach that the Biden spending bulldozer has been backed off of the Democratic tax demolition truck. They are coming for capital gains, the announcement of which sent the stock market into a nose dive this past week.

This is not new information. I’ve been warning about this for a while. Biden and his army of tax initiatives are coming in droves. The capital gains increase is the first hint that they are coming after those who have higher incomes. But, don’t let that fool you into thinking that those who earn less than a million dollars won’t be impacted.

This client reached out to me this week. They are sitting on $1.4 million in capital gains in their brokerage account. They learned how they could use a tax deduction that Trump created for the years 2018 through 2022 that allows up to a 100% tax deduction for a specific investment for those who qualify ($1 million or higher net worth, excluding their primary home’s equity). However, many people believe that this deduction is not likely to be extended beyond this year so, the time to act is now!

Within just the last 48 hours, we met with a client who had left some money in an old 401(k). He was very concerned what his Required Minimum Distributions (RMDs) were going to be once he reached age 72. His wife happens to be 10 years younger than him. Using a unique solution that I will teach in my Retirement Reinvented Webinar this Tuesday, he was able to transfer that money from his name to her name. Now, they have much more time to strategically convert that 401(k) money to a Roth, so that the RMDs don’t get out of control.

Every client we work with is concerned about the money that they will need to withdraw from their tax-deferred accounts and where tax rates are going to go. Their concern is warranted because the Biden tax bulldozer is here and it’s going to be running over people like never before!

In October, Goldman Sachs analysts took a look at the last time that capital gains taxes were increased, back in 2013. They found that the wealthiest households sold 1% of their equity assets. According to Federal Reserve data, a 1% selling of stocks this time would translate into $178 billion. The liquidation of $178 billion from the market does not bode well for the returns that we need to support our account values so that we can take needed distributions and to withdrawal the amount required for taxes.

How do I protect my retirement from unnecessary taxes on capital gains?

Imagine, less stress over taxes and income. Using our unique solutions, some clients were able to create $20,000 to $50,000 (or more) in tax-free, lifetime income. This income increases over time and it doesn’t expose you to higher taxes in retirement. It also keeps you from passing unnecessary taxes on to your children and family.

This coming Tuesday, at my Retirement Reinvented Webinar, I will be teaching proven solutions with track records of measurable success. This no-cost, no-obligation, log and and learn event will teach you how to avoid the Biden tax bulldozer.

You’ve worked hard for your money. Imagine, moving the Biden tax bulldozer out of your retirement model! Have a plan that supports you, without supporting big government. Let me teach you how you can save an enormous amount of tax.

Let’s get to work! To register for Tuesday’s no-cost, no-obligation, log on and learn event, 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