Markets Are Being Tested and Taxes Could Be Resurrected!

In this week’s Hidden Wealth Reviews, I want to wish you a Happy New Year and teach you how to protect yourself from markets that are being tested and taxes that could be resurrected. The Tax Cuts and Jobs Act (TCJA) is set to expire at the end of this year. There is growing uncertainty about current and future inflation, interest rates, market volatility and Federal Reserve actions. The focus and advantage of getting a head start this new year is making the time to take action to protect your savings and to save taxes in order to secure your financial future.

The Federal Reserve recently lowered interest rates by a quarter percent. Instead of bringing relief, it caused a 3% market drop in one day. This happened because many people are concerned that rates won’t drop as quickly as expected, which will leave the economy in a precarious position. Add to this the threats that some people see with higher inflation, the discussion of Trump tariffs and the risk that has raised its head in the markets! Here are the risks:

1. If the Fed moves too fast, inflation could slow, but the economy might stall.
2. If the Fed moves too slowly, inflation could stick around, making everything more expensive, cutting into business profits and, in return, lowering growth along with people’s income and savings.

There’s a lot of uncertainty about how the Fed will act and where the economy will go in 2025. I want to give you certainty. It’s never too early and it’s never too late to be strategically wealth optimization smart, especially in a year when taxes are likely to increase for almost everyone reading this. This tax increase is due to the uncertainty about all the Trump Tax Cuts being extended.

Even without official rate increases, taxes are on the rise. The cost of living continues to climb and inflation isn’t disappearing as quickly as many people would like. For retirees, high-income earners and small business owners, the risks are even greater:

1. Retirees aged 73 or older are being hit with required minimum distributions (RMDs) from tax-deferred accounts such as IRAs and 401(k)s, leading to higher taxes as their account balances grow with two back-to-back years of 20% + market returns on the S&P 500.
2. High-income earners, especially strong savers in the “dynamic decade” (age 63 to 73), are in a critical period where smart tax planning can make or break their retirement savings, income and legacy. Many retirees are seeing 85% of their Social Security income being taxed along with Medicare premiums costing them an additional $12,000 to $24,000 annually in unnecessary taxes.
3. Small business owners may lose the Qualified Business Income Deduction of 20%, leading to much higher taxes for them.
4. Strong savers and high-income earners of all ages are under attack and are exposed the most.

If the TCJA sunsets, the average taxpayer could face a 22% tax hike, leaving many unprepared for the financial hit. But you can avoid this. There are strategies to protect your savings and reduce taxes before it’s too late.

Let me ask you a couple of questions. Do you have just a portfolio or do you have a plan that governs that portfolio as it relates to taxation, inflation, legacy and total asset optimization? Do you have a team of professionals who are specialized in your individual circumstances rather than a one-size-fits-all approach? If not, getting such a team should be one of your top New Year’s resolutions. Without a plan, you’re leaving your financial future vulnerable to the unexpected. Learn how you can have a plan that protects you and your legacy. Don’t lose valuable time and experience higher taxes this year!

I want to teach you how to have a low-tax year for the rest of your life. This coming Tuesday, at our Remove Your Wealth from Washington webinar, you will learn how to protect yourself from the markets that will be tested and the taxes that will be resurrected.

I want to share a story about a couple who came to us worried about leaving a significant tax burden to their sons. They had nearly $1 million in tax-deferred accounts (IRAs, 401(k)s). We helped them convert those taxable funds into Roth IRAs, thus eliminating any future RMDs and ensuring that their sons wouldn’t inherit a significant tax burden. Another couple, who were referred to us by their parents, saved nearly $100,000 in taxes with just one strategy in 2024. These are just two examples of how proactive planning can make a meaningful difference in your and your family’s financial future.

If you’re ready to protect you and your family’s financial future right now, go to TaxesSaved.com to request a Saving Tax Optimization Plan Analysis. This personalized report will show you the tax risks that you are facing and how to protect your savings from unnecessary taxes and market risks.

Learn More About Protecting Your Savings From Taxes

You’ve worked hard for your money, don’t let rising taxes and market uncertainty take it away. Learn how to protect your savings and secure your financial future.

Here’s how to register for Tuesday’s webinar:

1. Visit RetirementProtected.com.
2. Select your preferred webinar time.
3. Enter the required information – double-check your email address.
4. Click “Reserve My Spot!”

Once you’ve submitted your registration, you’ll receive a confirmation email with your personal access link for Tuesday’s event.

Note: We serve Baby 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