In this week’s Hidden Wealth Review, I ask the question, are you sick and tired of all the tax reform talk? Many people are holding back, waiting to see what this tax reform will do for them. Many tax policy think tanks are estimating that, at most, some people might see a $100 per month tax savings!
This savings could be lost in three or four years due to the “trigger” aspect that’s been added to the bill. In the Senate’s version, all of these benefits stop in 2027. But, if this tax reform doesn’t perform as well as projected, the benefits could just be cut off in as little as three or four years!
If you’ve worked hard and saved hard, you’re going to be taxed hard! If you have an annual income between $50,000 and $150,000, you’re going to pay more tax to help make up for some of these deep deficits. The tax reform bill will add anywhere from $1.5 trillion to $2.4 trillion to our already out-of-control deficit.
In retirement, you will pay even more taxes! Required Minimum Distributions (RMDs) from tax-deferred retirement savings accounts such as 401(k)s and IRAs result in taxes on the distribution itself. The income from RMDs can also expose up to 85% of your Social Security income to further taxes. Learn how to increase your own retirement income by $2,000 or more a month by eliminating the unnecessary taxes on that income.
I want to teach you how you can have your own tax reform plan. We’ve been teaching your friends and neighbors, throughout the nation, how they can eliminate tax on their retirement savings, eliminate tax on the growth of that savings (and the income it produces) and how to eliminate tax on the transfer of their savings to the following generations.
If you’ve saved $200,000 or more for retirement and your annual income is between $100,000 and $150,000, you are the government’s tax increase target! You will pay for a corporate tax break that’s going to fall squarely on your back. Learn how you can be a tax-free retiree!
This coming Tuesday, I’ll be teaching my Wealth Protection Webinar. This no-cost, no-obligation educational event teaches you how to eliminate unnecessary taxes and avoid devastating market losses.
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.
Or Call
(855) No Tax 2 U
Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author