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Former U.S. Appeals Court Judge, Learned Hand, said it best, “There are two systems of taxation in our country: one for the informed and one for the uninformed.”  In this week’s Hidden Wealth reviews, I want to teach you about the great wealth transfer trap. It’s projected that $84 trillion will change hands between Baby Boomers (those born between 1946 and 1964) and Generation X (those born between 1965 and 1980). This massive wealth transfer will take place over the next two decades.

According to the Census Bureau, the greatest growth in the number of 65-year-olds occurred between 2010 and 2020. That’s the fastest that this segment of the population has grown since 1800.

The challenge is that, by 2030, there will be more people aged 65 than there are people who are 18 years old. That’s the first time that’s ever happened in the history of our country. This means that there are less people paying into tax rolls and more people taking income from Social Security, at a time when there are less people paying into the program.

When it comes to the great wealth transfer, those who are doing the transferring aren’t as prepared as they could be. We know this because we speak with people from all over the country who tell us they don’t want to leave a big tax burden to their children. They also want to avoid imposing a big tax burden on themselves.

Those on the receiving end of the great wealth transfer are also not prepared. We meet with many people who have inherited their parent’s IRAs. They are shocked by how much the inherited Required Minimum Distributions (RMDs) on these inherited accounts increase their taxes.

How Big is Your Retirement Tax Bill?

Learn How To Avoid The Great Wealth Tranfer TRap

This Tuesday, at my Tax Protecting Your Retirement webinar, I will be teaching how to remove your wealth from Washington and how to get your retirement savings out of the tax system. I will teach strategies that have proven track records of measurable results. These unique solutions allow deductions that you can use to offset unnecessary taxes.

For example, there are solid, double-digit return funds that can give you a 50% (plus) deduction to reduce taxes. One particular offering can provide up to 10 times the investment in tax deductions. If you are exposed to higher taxes because a high percentage of your savings being is trapped in IRAs, if you have inherited IRAs or if you have highly appreciated assets such as real estate or a business sale, don’t let the tax tail wag the dog. The tidal wave of the great wealth transfer is only building and the trap will only continue to get worse.

The legislative risk associated with the great wealth transfer is massive! The rules around inherited IRAs and RMDs keep changing. This rule changing is likely to continue. Currently, there is a proposed, any-age RMD and proposed new restrictions on Roth conversions.

Sadly, when there are fewer people paying taxes and spending exceeds tax revenue, taxes will go up to make up the difference. The Biden administration has proposed an almost $8 trillion budget that includes over $4 trillion in new taxes! Deficit spending by the federal government, just through the first quarter of the year, is 50% higher than last year.

We have one strategy which allows a 10 times tax deduction. One client used a $100,000 investment to create a $1,000,000 tax deduction. This deduction allowed him to get his and his wife’s IRAs out of the tax system for good. He used the least amount of capital where it could give the most deduction.

As Judge Hand said, there are two tax systems so, make sure you become informed. Don’t fall victim to the great tidal wave transfer trap! Register for Tuesday’s no-cost, no-obligation financial educational event by following these four simple steps:

  1. Go to (or scroll down to the form below).
  2. Select the webinar date/time you prefer.
  3. Enter your information thoroughly – make sure to double check your email address.
  4. 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, being a no-tax or a low-tax retiree. This is possible when you become informed.

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.

CHuck Oliver Retirement Breakthrough

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.

Chuck Oliver
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!