You’re probably familiar with the phrase “nothing is certain except for death and taxes” but when you consider the state of today’s economy it becomes clear this saying might need to be changed to, “nothing is certain except for death and increasing taxes.”
In the past 10 years alone, the United States has confronted both a debt ceiling and a fiscal cliff, and the federal debt has continued to grow at an unsettling rate. It’s no wonder that legislation about debt reduction and tax reform has become such a hot button issue. No matter what lawmakers have thrown, or will throw, at the American public, the truth of the matter remains the same: the country’s current tax revenues cannot cover its obligations.
If the government wants to keep the lights on, it’s going to need more income, which not only means that you can count on being taxed, but also on being taxed at an increasing rate. Will your retirement plan be able to withstand the burden?
Find out today by creating your complimentary account to watch the educational video “The Future of US Taxation” and to download your retirement income toolkit.
Your information will never be shared or sold to a third party.
Exclusive rights to this material belongs to GPS. Unauthorized use of the material is prohibited.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of Terrell Financial Group and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Investment advisory services are offered by Asset Management Specialties, LLC dba Terrell Financial Group a Registered Investment Advisor in the State of Louisiana. (Registration does not imply a certain level of skill or training) Insurance products and services are offered through Asset Protection Specialties, LLC. Terrell Financial Group and Asset Protection Specialties, LLC are affiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Louisiana or where otherwise legally permitted. Terrell Financial Group does not provide tax and/or legal advice, but will work with your attorney or independent tax or legal advisor. Terrell Financial Group and Asset Protection Specialties, LLC are not affiliated with or endorsed by the Social Security Administration or any government agency.
Reminder: If you are a new registrant you will find your account credentials in your email inbox!
Forgot password? Click here