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In this week’s Hidden Wealth Reviews, I teach about recession election protection. Last week’s review included a report on legislative retirement risk. I want to make sure that you don’t miss this report, so we’re including a link to that report in this week’s review as well.
It was a busy financial week with the Federal Reserve lowering the interest rates a half percent. The markets actually lost ground that same day. The very next day, the markets rallied. The markets are acting like a yoyo, bouncing up and down, just like the various tax proposals being bounced around Washington.
The Fed rates, the economy and taxes all have cause and effect on one another and never more so than now. The economy is now being cheered for slowing and pushing back the risk of a major recession. All of this economic slowing results in layoffs, less profitable companies, fewer people paying into federal taxes, Social Security, Medicare, etc. How do we afford the trillion dollars that has already been spent this year just to service the interest on our debt? Our debt service expense will soon exceed the money we spend on our military. The only way to fix this is to either cut spending or raise revenue!
In addition to the report on legislative tax risk, I want to share three strategies that can help you survive the tsunami of coming taxes.
- The Ten Times Tax Deduction.
- The quadruple Roth conversion.
- Tax credit offsets.
To start the process of getting recession election protection, go to TaxesSaved.com and request a no-cost, no-obligation Tax Savings Analysis Blueprint. When you request your personal tax analysis meeting, please remember to select the best callback time from those that are available. Please don’t overlook requesting a specific available calendar time as this will allow us to serve you more efficiently. This efficiency is critical right now because we are only able to take on new tax savings clients through the end of this month and still have time to help clients save taxes for 2024. It takes most of the fourth quarter to build and refine the final Tax Savings Blueprint. Also, some of these strategies, such as tax credits and certain income tax deduction programs, have limited inventory.
How Big is Your Retirement Tax Bill?
Learn More About Tax Protection
If you’re serious about saving taxes this year, I encourage you to take the first step to learning how you can get yourself tax protected. But you’ve got to hurry! Go to TaxesSaved.com right now to begin the process while there’s still time.
We have added $7.8 trillion to our federal deficit, and the government has already spent more than $1.52 trillion more than they have collected through July. Seventy-six cents of every tax dollar collected went to pay the interest on our debt in June. Regardless of who wins the White House in November, taxes will have to be increased.
Depending on the outcome of the congressional races, the ability to get your money out of the tax system by Roth converting your traditional IRAs could be lost. There’s also the possibility that you could face a new tax on unrealized capital gains. There are a lot of other unfortunate tax proposals out there that will end up hurting hard working and strong-saving Americans in the long run. That’s why it’s important, right now, to build a plan to get your savings out of the tax system.
The bottom line is that it’s the timing of the legislative risk, not just the tax risk itself, that threatens your future lifestyle and legacy. Get your serious savings safe from taxes while you still can. Go to TaxesSaved.com to get your Tax Savings Blueprint started, now!
Imagine, more financial success, less stress, less worry and less tax. You work hard for your money! We’ll work even harder to help you protect it from unnecessary taxes.
Click Here to download the report on legislative retirement risk
Note: We serve Baby 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