Approximately 78 million "Baby Boomers" are retiring, putting so much more pressure on the taxes of those still employed. Again, by 2035 there will be over 140 million people over the age of 65. We will be a nation of old people. Now, only 36% of Americans actually pay income taxes. As I mentioned earlier, we have approximately ten thousand "Boomers" daily enrolling in Social Security. The national debt is over the deficit, Social Security and Medicare are already underfunded to the tune of $96,000 per second. Over $2.6 trillion. We have voted to raise the debt ceiling to over $42 trillion in 2025, and we are past that number. The US Debt Clock shows our total U.S. debt is over $35 trillion. That's about $259,229 per person. Ouch!! What is the solution? What do you think the government will do? It's pretty simple to understand; they are going to raise our taxes, lower our benefits, cut public services, and print more money. You need to protect yourself and your family, and by using PB can help you accomplish this goal. We know not what tomorrow brings, but those who plan for those unintended circumstances will always fare better than those who do not. I've given you much information to help you better understand and prepare for the economic challenges coming your way. Without this information, you may be facing a financial tsunami that can destroy all you have accumulated and saved during your entire life. I have used a simple and need to call me and schedule a time for us to have a conversation about your and your family's financial situation. I sure hope you have grabbed hold of the concept of "Lost Opportunity Dollars." Again, this is the money you give away on the dollars you spend for major capital purchases. For example, the purchase of a $50,000 item today will cost you over $10,000 over the next twelve years with a 6% rate of return on your Lost Opportunity Dollars. Discipline and Denial will lead to success.
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