Would You Spend $70,000 to Get $100,000?

Are you prepared for the deficit tax destruction? The truth about the economy can no longer be hidden. The Federal Reserve has waited too long to lower rates after fumbling fending off inflation in the first place. The Fed then caused the highest inflation in decades. Now, companies are revealing the impact of runaway inflation, deficit spending and over-reaching regulations! Employment numbers came in way off and unemployment was far higher than projected. The market lost 5% in two days and the poor corporate earnings reports are revealing the real economy.  

Many people are not seeing the impact of higher taxes along with a mounting recession. A recent Bloomberg article discovered that the size of our national deficit depends on who you ask. The Democrats say that it’s the result of Trump-era tax cuts and Republicans blame Biden’s spending spree. The bottom line is, regardless of the actual size of the deficit, the government will have to raise tax revenue and lower entitlement expenditures such as Social Security and Medicare. This coming Tuesday, at my Remove Your Wealth from Washington webinar, I will be teaching strategies to solve for these challenges.

This week, a client asked me why he would not spend $70,000 to get $100,000 in return. He was speaking about Federal Tax Credits which are indirectly issued by the Federal Treasury. These tax credits allow a purchaser to spend 70 cents to get one dollar in return. The significance of this is that you are not investing and waiting for a return, you’re purchasing something and immediately getting something in return. That return, by the way, is 42.9% ($30,000 gain divided by the $70,000 cost).

One of the best things about tax credits is that there are no special qualifications to purchase them. However, tax credits have very limited availability through proprietary distribution channels. The Hidden Wealth Solution is fortunate to have access to this CPA tax team-approved strategy.

We have a client who filed an extension on this 2023 taxes. He had a large tax outlay last year. Using tax credits, he’s now getting back his 2023 taxes!

Another client had $2 million trapped in tax-deferred accounts. He’s using tax credits to completely convert his and his wife’s 401(k)s well before they reach the age where they need to take required minimum distributions (RMDs). Those looming RMDs would have pushed him into a much higher tax bracket, costing not only more at today’s tax rates, but much more when taxes rise in the future. The projected inherited IRA tax to their two sons would have been over $1 million dollars!

Continued federal deficit spending and the cost to service that debt are crippling the U.S. economy. Last week, the Federal Reserve declined to lower interest rates yet, they are hinting that they might drop rates. The stock markets took a pounding at the end of last week with a 5% loss. A much weaker-than-anticipated jobs report for July ignited worries that the economy could be falling into a recession.

Learn How To Protect Your Retirement From Taxes

If you don’t have a tax plan, you just have an account with an account manager. If you are looking for a full financial plan that optimizes your assets and mitigates or eliminates the impact of taxes, go to RetirementProtected.com and register for this coming Tuesday’s webinar. Learn how you can have holistic retirement planning that reduces or eliminates unnecessary taxes from your retirement equation.

Imagine, no more taxes on your:

• Income
• Assets
• Social Security
• Medicare
• Inheritance

Don’t get caught in the deficit tax destruction. Seventy-six cents of every tax dollar that the federal government currently collects in this country goes to just servicing our national debt interest. Sadly, that deficit continues to scale upward at the quickest pace in history. Avoid the pay more and get less reality!

Register for Tuesday’s webinar by following these four simple steps:

1. Go to www.RetirementProtected.com (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!

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!
www.TheHiddenWealthSolution.com