Please Click the Video to Watch This Important, Short Message
In this week’s Hidden Wealth Review, I talk about how to avoid the chaos and the uncertainty caused by the Democratic controlled Congress pushing through a $1.9 trillion stimulus bill with zero input from the Republicans. This, in spite of reassurances from Joe Biden that they would “reach across the aisle.” There are also rumors of a follow-on stimulus package. The total cost of both bills could reach as high as $4 trillion!
All this stimulus translates into higher taxes. Please, understand who the higher tax targets of the Biden administration are. If you’ve worked hard and saved hard, saving $500,000 or more in tax-deferred accounts such as IRAs or 401(k)s, you are this administration’s primary tax target. Your hard-earned retirement savings will be used to bail out all of those social spending promises that were made.
If you are a high income earner who’s still working, trying to get to retirement, you are also a target. If you’re single or a married couple earning over $400,000 annually, you are squarely in Joe Biden’s tax target bull’s eye. Those who have a net worth of $1 million or more (exclusive of the equity in their primary residence), have a major opportunity to take advantage of the current tax code before this administration changes it.
Mike and Connie, our clients from Florida, wanted to learn how to untax their IRAs. Mike is approaching his first Required Minimum Distribution (RMD). The concern is that deferred taxes equal increased taxes. A great example of this is that a $400,000 IRA, over a 25 year period, costs over $1.7 million in tax (and that’s before tax rates increase).
Mike and Connie learned how to eliminate the IRS from their IRAs. Their qualifying net worth enabled them to take a deduction that allowed them to untax their IRAs. They did a Roth conversion and, using a little known section of the tax code, were able to take a tax deduction that zeroed out (dollar-for-dollar) the tax that was due on the Roth conversion.
There is a sense of urgency to this solution, however. Even though the Biden administration is focusing on not taking money, in the form of higher taxes, out of the economy this year, there’s no way to determine when their current policy will change.
Mike and Connie also created a tax-free personal pension that grows without risk, has unlimited upside potential and has no downside market losses. They can take money out, tax-free and they can leave the money to their children and grandchildren, tax-free.
How can I take advantage of the tax code while there’s still time?
This coming Tuesday, at my Wealth Protection Webinar, I’ll teach you how you can remove your hard-earned retirement dollars from the tax system. You’ve worked hard for your money, let’s get to work protecting it!
To register for Tuesday’s no-cost, no-obligation, log on and learn event, 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!
The economic uncertainty is only going to grow as this new administration moves forward with its agenda. You owe it to yourself to learn how to discover and uncover your hidden wealth.
President Biden’s tax plans are targeting high income earners of $400,000 or more as well as those with estates valued over $3.5 million. We find those higher income earners, those who have saved $500,000 or more or those who have a net worth of over $1 million, benefit the most from our proven solutions.
Let me leave you with one final thought. Polls have shown that economic security is the number one concern of Baby Boomers and retirees. There are two paths one can take:
- A path of creating and gaining your own security.
- The path of facing on-going economic uncertainty.
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.
Spouses and Significant Others are Encouraged to Attend This Event Together
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!