State of Union Retirement Trouble

Hi, this is Chuck Oliver. Welcome to this week’s Hidden Wealth Strategy Insights, and I am appreciative of you taking the time to become more educated around what’s going on in this economy. I’m going to talk to you about the highlights of this last week’s State of the Union Address and what that means to help you avoid becoming a retirement reality statistic. So that you have a safe, secure, and certain retirement, because I’m going to teach you that what was stated in that State of the Union Address, here are the key things to be careful of.

The acronym T.I.M.E. from my recent books, which is really what this is going to protect you from, is the acronym in T.I.M.E. The T stands for Taxes are rising, so whether it’s added taxes on college savings plans, if you’re still putting away money for your children or your grandchildren for college, they’re going to tax you on the way out of these 529 college savings plans that’s being proposed in the Obama Budget. On top of that, capital gains, the growth of your money, is going to be taxed at a higher rate depending on your income level. Regardless of income level you’re going to pay tax on your college savings vehicles.

Also being proposed is a federal mandate of a toll or tax on employers that don’t offer the Obama My RA, My Retirement Account, which is nothing more than forcing you to buy Treasury bonds that have averaged currently under 2%. The projection is you could sock away $150 a month, and in 5 years you would have made barely $560 of interest, based on where rates are today, at no fault of our own, but the Feds stimulating low rates to force you and I back into the market. So that’s the T in the acronym T.I.M.E. that you have to be careful with in this State of the Union. This really should have been called State of Destruction of the retirement opportunities here in our country.

The I stands for Inflation is Increasing, so we know the Feds going to be raising rates on all consumer driven interest rates from student loans, to credit cards, to car loans, so the cost to live is going to be more costly. Clearly, wage growth has not kept pace with the cost of living increased growth, and therefore people have a lesser and lesser amount of purchase power, even with interest rates being artificially held down by the Fed that they can’t do any longer here in the next so many months.

The M in T.I.M.E. acronym, now that it’s time to get serious about your retirement reality, is Market Corrections. The article from CNN Money by Matt Egan says “Rough sea, stock volatility here to stay, don’t throw away the Dramamine yet”, and it’s a depiction that you’ll see in the picture, that you’ll see of a boat, and if you can imagine just being thrown all over the ocean, because the vast waves and the pressure and the stress that this boat is taking on. “Investors have been battling rough seas”, he says, “on all fronts. Triple digit moves in the Dow Jones, up or down are becoming the norm. The bad news is the smart guys and gals on Wall Street believe this wild ride will continue for the foreseeable future.”

Scott Wren, a Global Equity Strategist, a Senior Global Equity Strategist says, “I don’t see this volatility going away any time soon.” Folks, the M of corrections, you don’t have to lose when the market corrects again and/or crashes. This is what every major bank or corporation has done well before the creation of IRA’s and 401k’s, and I want to teach you how you can do the same. I’ve had a front-row seat across from people that said, “I wish I would have known this 20 to 30 years ago,” and we’ve been teaching people to do this going on 2 decades. It’s been kind of not in the forefront, because it’s unknown sections of our tax code, so that you don’t pay tax on the growth or the access. Unlike the new Obama Administration Proposal, the State of the Union changes for higher taxes, and then when the market loses, you don’t lose.

The E in T.I.M.E. acronym, getting serious about it now being the time to get serious about your retirement, is Easy Management. It’s linked to the market through Indexing, not Investing and that since there’s not a loss, there’s nothing to buy or sell, it may be changing something, maybe once a year, but rarely, and it’s out-performed anything else that’s out there is you know how to design it and build it right. Folks, it’s very clear, three loop-holes are being shut down around Social Security, unique filing strategies that the average couple is deriving anywhere from $40,000 to $60,000 worth of additional spousal benefits, the restrict or suspend filing strategies that many people don’t realize you can implement by having an additional $200,000 to $300,000 of income just from your Social Security funds. These are all things that are hidden that you can take advantage of before they change, but you have two opportunities.

One, I want to teach you these things in an on-demand learning environment that is very easy for you by going to MyRetirementProtected.com. That’s MyRetirementProtected.com. So just go to www.MyRetirementProtected.com. You can register and watch right then, and I encourage you to do that with your spouse or significant other, if you have one, so you can get on the same page. If you’re not getting ready to get ready, but you really want to see the reality of your retirement and how on track or off track and things you can do to get back on track for you, we’ve opened up the opportunity to have a free, no-cost, no-obligation, on-demand webinar education as well as analysis education, and you can receive that analysis by requesting it at 800-825-1766. That’s 800-825-1766. 800-825-1766 and leave, if it’s after hours or you don’t get someone directly, the best time, the best day, the best number, and the best email to reach you, so we can serve you on a first come first serve basis.

Folks, the sea is going to get choppier, and it is time to get serious about having peace of mind for your retirement so that it’s secure, certain, and protected. Here’s to your hidden wealth.

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