A recent documentary came out.
“The Power of Zero: The Tax Train Is Coming”
It’s quite telling of how the future might play out.
One of the people they interview in this documentary is David Walker, former comptroller of the US Government.
He spells out mathematically why Congress will be forced to raise taxes in the future.
The numbers and dialogue are very interesting.
One of the comments that struck me was something to the effect that everytime the government spends a dollar they have already decided to tax the people that dollar in the future. It may not be immediate but it will come.
Puts even more weight on the $1.9 Trillion stimulus plan that just passed.
It could be a little concerning if you have all your retirement assets in a taxable situation.
If you have a few minutes you should watch it on Amazon Prime.
My wife usually doesn’t enjoy financial documentaries but this one kept our attention the whole time.
By the end, you might realize looking at putting a portion of your retirement assets in a tax advantage bucket might make sense.
So if taxes do go up, according to many credible sources in the documentary…
Then you would be shielded a bit…. (or a lot!)
Sure you would have to pay some taxes today at lower rates.
Yet, that might be less of a sting than potentially paying double in the future.
If that sounds interesting, then we should chat for 15 minutes to see if creating a bucket of tax advantaged money might make sense.
You can schedule it right here on my calendar.
When you are ready –> click here to schedule
Remember — It’s Your Time…