When Joe Biden first announced his running mate, many people reached out to us, worried about higher taxes. Quite a number of them voiced that they were now terrified about higher taxes. Many believe that Vice President Kamala Harris is farther to the left than even Bernie Sanders. When it comes to spending, there will be no limits because Harris formerly sat on the Senate Budget Committee and still has many friends there. The only way you can outrun enormous amounts of additional spending is to raise taxes.
Many Baby Boomers and retirees have recently come to us with their higher tax concerns. A client shared that he’s an “admitted tax-deferred saver.” It was as if he were confessing. He realizes that, while well-intentioned, his savings habits have put him in the precarious position of higher taxes and he is now squarely in Biden’s higher tax bull’s eye. Within a week or two, we will most likely see another $1.5 trillion to $1.9 trillion in additional stimulus spending. There is a rumor that, In another 8 weeks, we will see yet another $2 trillion stimulus bill being pushed through Congress!
There is a clear difference between the “makers” and the “takers” Don’t let the takers, those hard, left-leaning socialists, take a slice out of your serious savings. The real stimulus spending is just beginning and all of it will require more tax! This massive spending uncertainty has increased concerns of another market crash! I want to teach you that there are things you can do to safeguard your savings from socialists and insulate yourself from the IRS.
The time to get something done to protect your money from taxes and market crashes is now, in 2021. I want to teach you how to avoid getting your savings sideswiped by socialists. Although Donald Trump wasn’t re-elected in November, the Tax Cuts and Jobs Act (TCJA) doesn’t “sunset” until the end of 2025. We still have a window, but that window may be much shorter, depending what the Biden administration and the Democratically controlled Congress do.
Register for my no-cost, no-obligation, 21st Century: Re-Engineering Retirement Wealth Protection Webinar being held this coming Tuesday. To register, click the button below:
how to protect your retirement savings from socialism in 2021:
- Roth Conversion — If you can pay a lower tax rate today than in the future, a Roth conversion is generally advisable. On the surface, you may have fewer dollars due to the taxes you must pay, but your purchasing power in after-tax dollars will be higher. This is definitely the year to consider doing a Roth conversion. Learn how to qualify for a little known, 100% tax deduction that many Baby Boomers and retirees are using to offset owing any Roth conversion tax!
- Why a Roth conversion savings to be done in 2021? — The 2017 TCJA lowered tax rates and significantly widened individual tax brackets. Current law has the tax rates under the TCJA in effect through the 2025 tax year and then reverting to pre-TCJA rates and brackets in 2026. Significant tax increases have already been baked into the 2026 cake.
But please, don’t run out and do a traditional Roth conversion. We have seen many Baby Boomers and retirees make costly money blunders by increasing their taxes in other areas because they didn’t have the best supporting strategy. While now is the time for many people to consider a Roth conversion, you need to have a financial plan in place that identifies the peaks and troughs in spending and income so you can save the largest amount of tax for the least amount of cost.
Having the tax knowledge and skills to execute the strategy to targeted income levels is also required. Learn how to integrate your financial, investment and tax planning into a cohesive strategy. Imagine, 50% or higher potential income through learning proven techniques with a track record of measurable results. Learn how to have a safe and secure retirement.
Learn the things that you can do to protect yourself from the higher taxes that are coming from the takers. To learn more about these solutions, register for my no-cost, no-obligation, Re-Engineering Retirement Wealth Protection Webinar being held this coming Tuesday.
Discover why 2021 is the year to get tax and market correction protection done! I want to teach you how to avoid getting your savings sideswiped by socialists.
On Tuesday, I’ll be teaching my fresh, new Re-Engineering Retirement Wealth Protection Webinar. This complimentary educational event will teach you how you can save on unnecessary taxes while there’s still time.
President Biden’s tax plans are targeting high income earners, those with large capital gains as well as those with estates valued over $3.5 million. We find those higher income earners of $200,000 or more, those who have saved $500,000 or more and especially those who have a net worth of over $1 million, benefit the most from our proven solutions with a track record of measurable success.
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!
Imagine, zero tax Roth conversions! More financial success, more time, more money and more financial peace of mind!
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.
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.
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!