From Newsmax Finance

How to Protect Your Financial Legacy

Ask yourself.

Why did you get up to go to work every day?

Why did you buy a house?

Why did you sacrifice your time, and maybe your health, over the years?

If you’re like most Americans, you did this all for your family.

You wanted to provide the best life for them as possible. You wanted your kids grow up with advantages that you never had.

And my guess is that you’ll want them to get first dibs on your retirement account after you’re gone.

Well, Congress doesn’t think it should be that way.

They think it should go “back into the pot” so they can redistribute it to “the community!”

They’re attempting to do this with the SECURE Act. On December 23, 2022, President Biden signed into law the SECURE 2.0 Act of 2022 as part of the Consolidated Appropriations Act, which contains numerous provisions aimed at retirement plan reform.

The SECURE Act is an acronym for:

Setting Every Community Up for Retirement Enhancement

This doesn’t sit well with us.

Anything with the word “community” in it reeks of socialism.

And it requires auto-enroll for NEW plans that started after 12/29/2022

It sounds like they’re going to redistribute wealth to the “community.”

And how are they doing this?

The easiest way possible. When you’re gone, you can’t put up a fight.

So they’re going to slap your family with a big tax bill.

A large chunk of money that should’ve stayed within the family under the old rules is now earmarked to be handed over to the government.

This is one of the biggest “Revenue Provisions” in the SECURE Act.

The government could confiscate up to half your estate away from your kids and grandkids.

However, you can protect your legacy by taking steps now to make sure your family won’t be hit with a big tax bill.

It’s all about finding the right loopholes. Which is exactly what you'll find in our new special report.

The IRS created new lingo to confuse people. There’s beneficiaries, designated beneficiaries, primary beneficiaries, and contingent beneficiaries.

It’s crazy to think that one word could mean the difference between keeping money in in the family . . .

Or handing it over to the IRS.

But that’s the way Uncle Sam set it up.

You’ll see how to avoid the biggest estate taxes starting on page 16 of THE NEW HIDDEN LAND MINES SET TO BLOW UP YOUR RETIREMENT SAVINGS.

And, you’ll be certain that your kids and even grandkids are taken care of for a very long time.

Don’t you think you owe it to them to at least check this out? Protecting your legacy and ensuring you have the most up to date monetary information is what we strive for.

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