This is one of the most important Hidden Wealth Reviews that I’ve ever done. We teach Baby Boomers and retirees how to thrive in retirement. The tax rate risk has never been greater for those of you between the ages of 55 and 75, who have saved at least $200,000 in tax-deferred accounts (IRAs, 401(k)s, 403(b)s, etc.), I need to warn you; there is a tidal wave of proposed taxes that are coming for your retirement!
The good news is that there are solutions to avoid this tax tidal wave. You can protect your retirement income and lifestyle, as well as protect your children’s future inheritance. There are a number of tax-savings solutions, all with a proven track record of measurable results. But you need to act now, these solutions won’t last much longer. Learn how you can avoid a tidal wave of taxes.
James Carville, Bill Clinton’s former political strategist, recently said that the Democratic Party “scares the hell” out of him. He said this in response to ideas such as Medicare for all, student loan forgiveness and all the other giveaway proposals being offered by the party’s candidates. All these giveaway proposals are going to be paid for with higher taxes – a tidal wave of taxes!
Here is a list of just some of the taxes that are being proposed by Democratic candidates:
Doubling the capital gains tax rate
- Growth tax
- Removing the step-up in basis
- Increasing federal tax rates
- Increasing the FICA (Social Security) tax
- A 4% payroll tax increase
- A wealth tax
There are 45 million people who have $1.6 trillion in student loan debt. Bernie Sanders has promised to erase student loan debt! He will partly fund his debt elimination promise by instituting a financial transaction tax. Getting rid of the average student loan of $32,000.00 which carries an average monthly payment of just under $400.00 per month provides plenty of incentive for 45 million voters to cast their ballot for Bernie!
Whether you’re trying to get to retirement or trying to get through retirement, if there was ever a time to save tax and avoid this tidal wave, it’s right now! But you must act now, ahead of the tax tidal wave.
Learn how you can save the most tax money in 2020. Simply go to TaxesSaved.com and request your Saving Tax Optimization Plan (S.T.O.P.) Analysis. This analysis will show you the tax road you are on, which will subject you to the tidal wave of coming taxes, versus the tax road you could be traveling, which avoids the tidal wave. Learn how to go from just surviving in retirement to thriving in retirement.
When you request your Saving Tax Optimization Plan (S.T.O.P.) Analysis, you’ll receive our Retirement and Your Taxes Guide, How to Remove the IRS from Your IRAs. From this guide, you will learn how the government changed the retirement rules in the newly passed SECURE Act. Don’t worry, there’s no sales pitch or wasting of your time with that same old, worn out Wall Street “save tax by putting money in an IRA” strategy. Learn how you can protect your money in 2020. Some of these tax-savings strategies are only available for a limited amount of time and the majority of them will be gone for good once Donald Trump leaves office.
P.S. If your trust is the beneficiary of your IRAs, it’s imperative that you modify the trust in order to protect your money!
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