Worried about taxes going up? You should be.
Due to COVID-19, the government spent three times more than they brought in revenue.
Imagine if you made $100,000 a year and spent $300,000. How long could you sustain that?
Now, with continued government spending and Biden’s tax proposals, we could see taxes increase on everything from income taxes to corporate and estate taxes.
This is why you want to escape the tax trap, so you’re not in danger of outliving your money during retirement.
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