For some, keeping that middle-class lifestyle may be more important then saving for retirement. We teach clients how to live within their means more easily with eliminating unnecessary taxes and strategically reducing their debt so they have more money to pack away for retirement.
LAKE MARY, Fla. (PRWEB) September 05, 2019
Top rated Lake Mary, Florida financial advisor Chuck Oliver of The Hidden Wealth Solution recently launched his newest online article entitled “Debt Levels Rise as Americans Struggle to Stay in the Middle Class”. In his article Oliver discusses how families continue to go deep into debt to maintain a middle-class lifestyle. He suggests the decrease in interest rates coupled with the rise in consumer borrowing, future taxes, higher costs of goods with the added China tariffs plus the burden of student loan debt all contribute to and will increase the debt struggle.
Oliver stated “Many middle-class families want to live in quality neighborhoods with quality schools, however, many simply cannot afford these locations so they are forced to either rent or purchase beyond their means with escalating price increases in property and with the added cost of living threats. According to the Wall Street Journal’s “Families go deep into debt to stay in the middle class” consumer debt has reached an all time high of $4 trillion even after adjusting for inflation. Consumers continue to dive deeper into debt to maintain their lifestyle. Some of their biggest debt sources are student loans, mortgages and auto loans. The wealth gap continues to widen as Americans continue to borrow money for everyday items like clothing and cars that lose market value. As we progress in the coming years, we may see an influx in middle class families renting their dream home simply because they cannot afford the mortgage that comes with it. For some, keeping that middle-class lifestyle may be more important than saving for retirement. We teach clients how to live within their means more easily with eliminating unnecessary taxes and strategically reducing their debt so they have more money to pack away for retirement.”
To read Chuck Oliver’s entire article, visit online at:
Chuck Oliver and his staff of financial and wealth advisors work with Baby Boomers and those approaching retirement in the coming years to guide them on tax-savings so they keep more of their wealth. Oliver added, “Retirees are typically not aware of the many tax-saving opportunities they can par-take in. Simple things like starting a 401K, establishing a Roth IRA, creating a health savings account (HSA), delaying Social Security until at least age 65 and setting up a 529B plan for college tuition. All of these vehicles help to minimize the taxes one would pay on their investments. In some cases, retirees are not in the best financial situation so they must start drawing on Social Security earlier then age 65. In these situations, it’s best to really look closer at the other options. A significant savings can be had if the proper planning is established.”
The Hidden Wealth Solution is headquartered in Lake Mary, Florida at 250 International Parkway in Suite 146, Lake Mary, Florida 32746. Their wealth advisors are available Monday through Friday from 9:00AM – 6:00PM EST. Clients can expect guidance on tax planning, income tax brackets, how to prepare for retirement, how to make changes to their investment portfolio, how to benefit from establishing an HSA, 401K, Roth IRA and Flexible Spending Account.
Oliver hosts a free weekly webinar every Tuesday at 11:00AM EST, 3:00PM EST, 7:00PM EST, 8:00PM EST and 10:00PM EST. The next webinar is scheduled for Tuesday September 10, 2019. Seats are still available. To register, visit online at: https://retirementprotected.com/
Consumers interested in following Oliver are invited to read his online blog located at:
https://thehiddenwealthsolution.com/category/hidden-wealth-reviews/ Oliver discusses each week different topics related to retirement and savings including topics such as tax laws and their effect on retirement savings, how retirees can save more, retirement tax rates, market risks, reforming your retirement, Baby Boomers #1 regret and more. In addition to his weekly blog consumers can follow Oliver on the radio air ways each week in the following markets: Orlando, Florida, Tampa, Florida, Jacksonville, Florida, Dayton, Ohio and Phoenix, Arizona. For the complete schedule and to hear Oliver’s weekly radio archives consumers are encouraged to visit online at: https://thehiddenwealthsolution.com/hidden-wealth-radio/
Baby Boomers across the United States are invited to call The Hidden Wealth Solution for help with retirement planning and investing. Oliver stated “Those who are approaching their retirement years I invite them to give me a call. It’s better to know well before retirement how you can save more of your hard-earned money so you can plan accordingly. Many people ask me “how much will I need to retire?” this of course will be based off your lifestyle and how much you have saved over the years. This is a common question that sometimes is not easy to answer but with the right financial advisor or wealth architect somebody nearing retirement can get a clearer answer to.”
For more information on retirement planning and tax saving visit online at: https://thehiddenwealthsolution.com/ or call The Hidden Wealth Solution’s Lake Mary, Florida financial planning office at 407-478-1599 or toll free at 1-800-825-1766.