In this week’s Hidden Wealth Review, I teach that the recent Democratic debates show us that the first radical risk that will ruin retirement is that there’s no debate that the Democrats want higher taxes. It’s not a matter of if, but a matter of when. In last Wednesday night’s debate, Mayor Bill de Blasio said, “We are going to be taxing the hell out of the wealthy.” If you’re someone who’s save $200,000 or more for retirement, you fit that definition of wealthy.
There are Democratic candidates who want to implement a $32 trillion “Medicare for All” program and others who want to give everyone $1,000 a month. Even Joe Biden defines $32 Trillion as “a lot of money.” Oddly enough, the “Green New Deal” proposes to eliminate cows and airplanes. Learn how you can protect your retirement from tax today!
It’s clear that taxes are going to go higher and retirement security is only going to become more uncertain. The second radical risk that that will ruin retirement is the “Fed Retirement Instability Fiasco.” This week, Federal Reserve Chair, Jerome Powell, dropped interest rates but then commented that rates may not drop again and, may even go higher. His inability to set a clear expectation for future interest rates caused the market to plunge by over 400 points initially. The market finally settled to lose over 330 points on Wednesday.
The following day, the market had a 600 point slide as President Trump talked about more China tariffs. Protect your retirement savings from losing by learning how to have a proven savings solution that locks in your gains and protects you from any market losses. Secure your retirement savings now!
On Wednesday, The Fed Chair told reporters that the central bank’s rate cut was a “mid-cycle adjustment.” This hints that there may not be further rate cuts this year. This led to the biggest one day market drop since May 31st. President Trump said the the Chair “let us down” by failing to signal more rate cuts.
On Thursday, stocks erased their gains after President Trump said the U.S. will impose an additional 10% tariff on Chinese imports. The Dow fell 80 points after rallying as much as 311 points earlier. The market was all over the place this last week, losing over 300 points and then jumping up 250 only to later drop by 250 points.
Thursday was the first trading day of August, a month that’s traditionally unkind to Wall Street. Since 1950, August has been the second-worst month for the S&P 500, according to the Stock Traders’ Almanac.
Let me teach you how our clients have eliminated the worry over market and tax volatility by using certain sections of our tax code that allow them to grow, use and leave their retirement all without tax and market risk. Learn how to shield your retirement from today’s economic and political uncertainty.
This coming Tuesday, I will be teaching my Wealth Protection Webinar. During this no-cost, no-obligation educational event, I will be teaching a strategy that allows you to out-perform the stock market and to legally avoid unnecessary taxes in retirement.
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. Learn a strategy with a proven track record of measurable results that has consistently out-performed the market.
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-
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Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author