A Tax Tornado Warning Has Been Issued
for Your Finances.

By Teresa Kuhn, JD, RFC, CSA

I used to ask people if they thought taxes would go up or down when they retired. Now, I don’t ask that question anymore because everyone knows the answer, and it isn’t “down.” A tax tornado warning has been issued for your finances, and you need to seek shelter for your money, immediately.

As you well know, for the last 2 years, Americans have seen an unprecedented amount of cash spiraling into our economy, and the long-term consequences of this wild government spending are still unknown.

We all know that nothing in this life is free and of course, it’s a lot more fun to spend other peoples’ money than to spend your own. What happens when all that debt turns into a category F5 twister? The sirens are already sounding.

Every government benefit, every no-interest loan, or other proposal comes with a long fishing line attached to your wallet. All government “aid” comes at the expense of the governed- in the form of higher taxes.

Bills have already been introduced to congress proposing tax increases. Let’s face it… Taxes are going up, and they’ll affect everyone, not just the wealthy. In fact, if you taxed every billionaire at 100%, there would still barely be enough revenue generated to run our bloated government for more than six months, tops.

So, from where do you think the rest of that cash will come? (Hint: You!) The question is, what if anything can you do about it?

Well, for the time being, anyway, there are legal ways to safeguard your wealth from the inevitable higher taxes that are just around the corner.

One method is to save money inside a special-designed whole life insurance policy which is a wealth-building strategy that I use daily with my clients. Anchoring this strategy is a powerful asset class that has been hiding in plain sight for hundreds of years, helping to protect business owners’ savings from the ravages of market risk, longevity risk, and, yes, taxes.

By employing this unique cash management tool that utilizes specially-designed whole life policies, you have exceptional liquidity and the ability to access both your principal and gains tax-advantaged. Not to mention, in over 160 years, the carriers we work with haven’t missed paying a single dividend. Highlighting the strength of their portfolio to withstand wars, economic depressions, pandemics, and more.

Additionally, since whole life insurance is not classified as an investment, it has unique tax advantages. For example, unlike traditional Wall Street investments, whole life policies are not subject to capital gains taxes. Furthermore, you can leverage this insurance so that it will reduce taxes you may already have to pay on Social Security. It’s not unusual for many middle-income people to have as much as 85% of their Social Security benefit taxed. However, the income you take from this strategy may not be included in your Social Security tax liability.

Many people don’t realize that supplemental income taken from conventional retirement plans such as 401ks and IRAs could potentially increase your Medicare premiums by as much as 350%! The supplemental income you take from the policies we design may not affect your Medicare premiums.

Finally, in addition to the incredible tax advantages, adding this savings strategy to your 100 Year Real Estate Investor playbook will provide you with an increasing death benefit that helps create a legacy for your loved ones.

So, if you are someone who believes that taxes will only go up in the future, or you want more liquidity, control, and safety for your money, you should schedule a call with our team today. You don’t need to wait for the government to bite off a big chunk of your wealth before you act.

We even recorded an entire webinar on this exact topic. To learn more about the upcoming estate tax changes and how you can protect your investments, watch our webinar here.

A Tax Tornado Warning has been issued for your finances. Become prepared by contacting one of our experienced 100 Year REI Professionals for an introductory call TODAY. Click here to schedule now!