235 - The Business Owner's Retirement Time Bomb No One Is Talking About

Ed has studied retirement planning for decades, and he believes that there is a hidden threat to untaxed retirement savings in the US that is being overlooked. He refers to the threat as a ticking time bomb, and unfortunately, when it blows up—and it will—the dreams of an easy and secure retirement for millions of conscientious Americans will go with it.

He explains the doomsday scenario like this:

The US has a national debt exceeding $28 trillion, which is growing every day. The cost of the pandemic has only made the situation worse. And the day is coming when the government will need to pay this debt down.

The only option will be to raise taxes thus increasing the amount of your retirement accounts that will be tapped. Anyone, regardless of their political affiliation, who tells you otherwise is either lying or has their head in the sand. In retirement, it’s what you keep that counts.

And don’t forget to check out the show notes for more in-depth information and added details not included in the episode. Visit https://staypaidpodcast.com

* This blog is not financial advice from ReminderMedia. It should not be used to make financial decisions. You should seek professional advice from someone who is authorized to provide investment advice.

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