If you own assets like real estate, 401k, IRA, pension, or even just a savings account at a bank, you are being targeted for revenue by the Federal Government. Hundreds of IRS tax actuaries are working to determine how much more tax revenue can be extracted from these accounts.
Should You Withdraw or Accelerate IRA Distributions?
The question is really about the future of taxes. Do you think taxes will be higher or lower in the future? How much tax diversification do you have right now. How much of your financial savings is in Government controlled retirement accounts where the rules can be changed at any time?
What's coming will be shocking to say the least. If some members of Congress get their way, the new tax program will destroy the typical retirement plan. Retirement savers could end up with substantially less income after taxes. It's the most serious threat to personal freedom Americans alive today will face.
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