In this week’s Hidden Wealth Review, I teach that overcoming economic uncertainty has never been more important. The reasons for this are that we are in a deepening recession caused by the coronavirus pandemic and the uncertainty of what will happen to the stock market as well as anxiety over the outcome of November’s election if Donald Trump is not re-elected. Baby Boomers and retirees around the country have shared their deepened concerns. Many market watchers are predicting a bubble crash and higher taxes!
For over 20 years, I’ve had a front row seat to understanding the economic uncertainty of what Baby Boomers and retirees are facing in terms of taxes in retirement and protection of their retirement portfolios. The tax risk has never been greater due to the tax bull’s eye that Joe Biden has on those who have saved for retirement in 401(k)s and IRAs.
There are three overly-concerning, disruptive initiatives on which the now progressive, hard-leaning left is banking will get Biden elected by focusing on getting millennials to turn out to vote:
- Debt jubilee for the masses – A debt jubilee is a clearance of debt from public records across a wide sector. This has been proposed as a solution to the debt incurred by people during the coronavirus recession.
- Medicare for all (regardless of age) – The price tag on this effort is about $94 trillion.
- Universal basic income – Under this plan, people would be guaranteed a basic salary, even if they don’t work.
This pandemic has exposed traditional retirement strategies and has shown how they fail to work. I want to teach you how to reinvent your retirement. I will be teaching you how to do this on Tuesday at my 21st Century Retirement Protection Webinar. You can register for this no-cost, no-obligation, log-on and learn event at RetirementProtected.com (or scroll down to the form below).
Our clients, Mike and Martha, were very concerned about a market crash and they were terrified of the higher taxes they know are coming. They knew that the retirement road they were on would not get them safely to their destination. They knew that there must be a better way than the traditional approach they were using.
Here’s what Mike and Martha were able to accomplish:
- Eliminated having 85% of their Social Security from being taxed. This saves them $12,000 a year in unnecessary taxes.
- Created a $60,000 a year, tax-free, lifetime retirement income. They did this using a safe and secure proven solution that provides only market upside gains without downside losses – saving them $15,000 in annual taxes (based on today’s tax rates).
- Eliminated Required Minimum Distributions (RMDs) and avoided burdening their children with inheritance tax.
- Saved $25,000 in taxes by doing a strategic Roth conversion under a specific provision of the Tax Cuts and Jobs Act.
All told, Mike and Martha are saving $27,000 per year that would have otherwise been given to the government in unnecessary taxes. That’s real money that stays in their pockets. You can learn to do the same.
This Tuesday, I’ll be teaching my 21st Century Retirement Protection Webinar. This complimentary educational event will teach you how you can be a tax-free retiree.
This event is for those who have saved at least $300,000 or more for retirement, especially those who have saved in tax-deferred accounts such as IRAs and 401(k)s.
To register, follow these four simple steps:
- Go to www.RetirementProtected.com (or scroll down to the form below).
- Select the webinar date/time you prefer.
- Enter your information thoroughly – make sure to double check.
- 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!
Learn common sense solutions that will protect your retirement savings and income from higher taxes and market volatility. Don’t worry, there’s no sales pitch and no fine print. Just proven solutions with a track record of measurable results. Solutions where you’re in charge.
Register for your preferred webinar time now because these events have proven to fill up fast. Those who attend this event will receive a complimentary copy of my latest eBook, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.
Imagine, more financial success, more time, more money to live more and leave more!
Let me leave you with one final thought, the time to protect your money and remove yourself from this economic uncertainty is in 2020. Let’s get to work!
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.
Clarification – In last week’s Hidden Wealth Review, I commented that the economy last quarter contracted by an annual rate of 34.6%. Quarterly GDP numbers are expressed as an annualized rate. This means that the economy didn’t actually contract by one-third from the first quarter to the second. The annualized rate measures how much the economy would grow or shrink if conditions were to persist for 12 months.
Not annualized, GDP declined by 9.5% between April and June, that equates to $1.8 trillion. By either measure, it was still the worst quarter on record.
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