In this week’s Hidden Wealth Review, I teach that the market is uncertain about what’s going to happen with the Trump Tax Reform Plan. A new modification of several categories in the plan came out of the Senate this past week. This news sent the market tumbling for a couple of hundred points for bit.
The headlines are all pointing to a market downturn on tax reform worries. The big question now is will the corporate tax cut be pushed out until January, 2019?
If your retirement and tax decisions are based on what Congress is going to do, be mindful that we have not had a balanced Federal budget in years. If tax reform gets off the ground, it’s still going to go back and forth between the House and Senate several times. Now’s not the time to base your financial and retirement decisions on the uncertainty of what our government may or may not get done. Both options will result in tax losses and losses in your retirement savings.
The facts are, if you’ve saved $200,000 or more in an IRA or 401(k), you will pay more tax! If you don’t get the money out of these accounts, your children will pay more tax. It’s time to get the IRS out of your IRAs!
Those who are facing Required Minimum Distributions (RMDs) from their tax-deferred retirement accounts need to be aware that RMDs can expose up to 85% their Social Security income to Federal income tax. Your IRA is basically an IOU to the IRS! Let me teach you how to eliminate this threat to your retirement.
We work with tax-savings solutions and market protection strategies that have a proven track record of measurable results. These will do two things for you, prevent you from losing your money to taxes and prevent you from losing your money to stock market crashes. This is important because, when tax reform stalls or fails to pass, the market will correct. The Treasury Secretary predicts that the market will tumble. When tax reform does happen, it will cause many people to pay more taxes and cause you to lose more of your retirement. The good news is, we have a solution for both!
This coming Tuesday, I’ll be teaching my Wealth Protection Webinar. This no-cost, no-obligation educational event teaches you how to eliminate taxes on the growth, distribution and transfer of your retirement income. You will also learn how your money can participate in the upside of the market, yet be protected from downside market losses. Regardless of what happens with tax reform and the stock market, your retirement will be insulated.
To register, go to www.RetirementProtected.com, enter the required information and submit your registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event. These events fill quickly so hurry and register.
-Spouses are encouraged to attend this event together-
When you register and attend the webinar, you’ll receive an e-copy of my latest book, The Baby Boomer Retirement Breakthrough. This book teaches you the top five retirement risks and the unique solutions you can use to avoid them.
(855) No Tax 2 U
Here’s to your Hidden Wealth,