In this week’s Hidden Wealth Review, I teach about the difference between the “makers” and the “takers.” The contrast reminds me of House Bill 1587 which promises, among other things, free college, free paid-off student loans and Medicare for all. All of these “free” things will be paid for by you and your retirement account through what’s called the Financial Transaction Tax (FTT).
There have been two analyses run on the cost of the FTT. Both of these analyses came to the same conclusion, the Financial Transaction Tax will require the average person to work two and a half additional years before retiring, just to cover the cost of the tax. The FTT will be levied on 401(k)s, IRAs, brokerage accounts, etc.
The bad news is that this is just one of the numerous taxes that are being proposed by the Democrats. The good news is that, this coming Tuesday I’ll be teaching a strategy that avoids the FTT and protects you from other additional taxes on your Social Security and retirement income. Furthermore, this strategy avoids the inheritance tax and there are NO Required Minimum Distributions (RMDs).
Here are some examples of the impact of the financial transaction tax on common savings vehicles:
Most of the Democrats spin the Financial Transaction Tax as a tax on big Wall Street investors. The harsh reality is that the FTT is a severe retirement tax on American savers of all income levels. This is a great example of the makers being forced to give up their hard-earned savings to the takers.
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 will protect you from the FTT and the onslaught of other tax threats.
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. Let me teach you how to grow, protect and transfer your retirement savings without the FTT and other unnecessary taxes.
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-
(855) No Tax 2 U
We are excited to announce our latest press release. Great things are happening at The Hidden Wealth Solution! Click here to read the full release.
Here’s to your Hidden Wealth,