In this week’s Hidden Wealth Review, I teach about the tax gamble and the retiree’s retirement. Writing in Money Watch, Steve Vernon states that tax cuts and retirees are a “no win” and that “. . . they have much to lose and not much to gain,” from dropping our corporate tax rate from 35% to 20%. Steve says that gambling on the assumption that tax cuts for the wealthy and corporations will stimulate the economy enough to increase tax revenues is a highly questionable gamble, at best.
But what happens if the gamble doesn’t pay off and the federal deficit balloons? That will put intense pressure on Congress to reduce spending. As of 2015, Social Security and Medicare accounted for 61% of total federal spending. A rapidly expanding deficit will result in intense pressure to cut Social Security and Medicare benefits.
Don’t gamble your retirement! Let me teach you to avoid the higher taxes that are coming. Even if tax rates remain steady, the costs of living and health care will continue to rise. The two major factors that effect the retirement gamble are taxes and the ability to be able to afford to replace the benefits that will likely be cut from Social Security and Medicare.
Learn how to legally eliminate unnecessary taxes!Regardless of what tax reform does or does not do, there’s a bigger danger if there’s no tax reform. Our Treasury Secretary has said that the market will plunge if tax reform doesn’t pass. I want to teach you how you can protect yourself from market corrections and crashes.
This coming Tuesday, I’ll be teaching my Wealth Protection Webinar. This no-cost, no-obligation educational event teaches you why now it’s more important than ever to protect your retirement from unnecessary taxes and market crashes.
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,