How Much Will Biden’s Proposed New Taxes Cost You?

Let me ask you a question. Do you know the impact of Joe Biden’s budget tax proposal? The bloated Biden budget includes $7.3 trillion of proposed new taxes. These tax increases will impact all taxpayers, business owners, business/real estate sellers and especially high-income earners and strong savers in tax-deferred accounts such as 401(k)s and IRAs. Those with strong tax-deferred savings, higher income earners and those selling highly appreciated assets benefit the most from our wealth preservation and tax-savings solutions.

Imagine, removing taxes from your lifestyle equation. We just met with a couple this week. They are the perfect example of how waiting can be costly. This is the first year of the husband’s Required Minimum Distributions (RMDs). Because of income from pensions, Social Security, non-RMD IRA distributions and now his RMDs, they will be pushed into a higher marginal income tax bracket, which will, of course, increase their taxes.

Imagine, removing the taxes that you can control. In our current financial world, inflation and the economy are only getting worse, individuals and corporations are being forced to pay higher taxes, making corporations less profitable. When corporate profits sag, the investments we count on to sustain us in retirement don’t grow as fast. Lower profits also means less jobs and less jobs means fewer people paying taxes.

It’s clear that things are going to get worse before they get better. This coming Tuesday, at my Remove Your Wealth from Washington webinar, I will teach you how to do what these clients did so that you can remove your savings from the tax system, too.

Learn More About The Proposed New Taxes

Learning the strategies I’ll teach on Tuesday is important, but you must hurry because the time when most new clients contact us is after mid-April. They come to us because they are unhappy with the taxes they’ve just paid and they are looking for some relief. Some of the 30, Tax Team approved, tax-savings strategies we use have limitations so, the sooner you learn them, the sooner you can start implementing them to save. Remember, waiting can have a big cost.

Our Tax Team of over 500 U.S. based CPA firms and individual CPAs works with clients to help them eliminate unnecessary taxes. Our practice has a dedicated CPA Tax team that serves our clients with proactive and proven tax-savings solutions. The clients I previously mentioned had strong pensions and high Social Security income. But, by using some of the strategies that I’ll be teaching at Tuesday’s webinar, they not only prevented tax on their pensions, saving them around $60,000 of income taxes a year, they also prevented 85% of their Social Security income from being taxed, saving them another $12,000 a year! All totaled, they saved $72,000 in taxes, this year alone!

When we completed these clients’ Tax-Savings Blueprint, we showed them not just one strategy, but several strategies and how they needed to be implemented in a certain order. Following this Tax Savings Blueprint removed their income from the tax system and showed them how to use the least amount of capital to convert their remaining traditional IRAs to Roth IRAs with conversion tax offsets. Now, their money is out of the tax system, they have no more RMDs and they won’t leave an inherited IRA mess for their adult sons.

You work hard for your money. Imagine, removing yourself from the tax system, insulating your retirement from Washington’s war on wealth and not worrying about the impact of the bloated Biden budget’s tax proposals on your retirement future.

Register for Tuesday’s no-cost, no-obligation webinar by following 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!

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