Taxes will go up – you are running out of time to get ahead of the changes.
60 million Baby Boomers will retire by the end of this decade. They will go from paying into Social Security and Medicare to drawing on Social Security and Medicare.
There are two ways for the federal government to raise money:
- Raise taxes
- Debt financing
We are potentially facing the biggest tax need this country has ever seen.
When is the best time to pay your tax debt to the government at the cheapest rate possible? Trump’s income tax reforms sunset in 2025…unless the current administration raises taxes before then. The time is NOW.
Take advantage of the most tax favored section of the tax code. Move your wealth out of IRS taxable assets into tax-free assets.
Once the tax cyclone starts, it may be too late.
“If what you thought to be true about your money turned out not to be true, when would you want to know?”
Judy Carlson, CPA
CEO & Founder, Coram Deo Financial
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