March 16, 2019

One Thing Congress Gets Right – And It’s No Help For You

SMR 21 | Congress Pension


While the average American’s net worth increased 3.76% per year between 2004 to 2012, members of Congress average 15.4% annual gains. That means half of the members of Congress are millionaires and continue to collect their $174,000 annual salary, and it’s you, the taxpayer, paying that cushy salary. But did you know that the taxpayer also foots the bill for the insane retirement benefits for Congress? An article from Sovereign Man called “One thing Congress gets right: funding their own pensions” clearly examines this. Learn more about this fiasco as Tim take an in-depth look on Congress’ pensions and where our tax dollars go.

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One Thing Congress Gets Right – And It’s No Help For You

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I’m very fortunate and very blessed that we live in this country. It is awesome that we live in a country where we can come and go as we please, as we choose. We have many luxuries and conveniences in this country. I am very thankful and very grateful to all of our militaries that served this country and are serving right now to keep our freedoms the way that we have them. I felt like a lot of the politicians are messing things up. I feel like the career bureaucrats who are pretty much garbage, in my opinion, good for nothing pieces of crap is what most of them are. Most of them are pieces of cow dung. There’s an article from Sovereign Man and the subject is One Thing Congress Gets Right: Funding Their Own Pensions. It turns out congressmen make a lot of money. A study found that while the average Americans net worth increased 3.76% per year between 2004 and 2012, members of Congress average 15.4% annual gains. That high level of pay means half the members of Congress are millionaires and continue to collect their $174,000 annual salary.

Congress Makes A Lot Of Money

It’s you, the taxpayers, who are paying that cushy salary. Did you know the taxpayer also foots the bill for insane retirement benefits for Congress? Each retired member can start collecting a pension at age 62 if they’ve spent five years in Congress. They’ll collect 80% of $174,000 annual salary. That’s almost $140,000 a year for the rest of their lives for five years of service. How in the world do we allow that? I get mad thinking about that. They can go work five years after getting elected, then draw $140,000 a year for life. If that’s not corrupt and elected crappy politician, then what it is? They’re the same ones telling us that our Social Security benefits are going to get cut. Where can I sign up for this? Meanwhile, 40% of Americans can’t cover an unexpected $400 emergency expense. 57% have less than $1,000 in savings and a third of Baby Boomers, the generation currently retiring, have nothing to put away for retirement. While Congress is pinching and secured by our tax dollars, only 13% of regular Americans have pensions.

Even if you were promised one, collecting it is another story. A Boston College report estimates 25% of private US pension funds, the pools of capital that payout retirement benefits will go bankrupt in the next decade. Public, local, state and federal pension funds are in even worse shape, $7 trillion short on what they promised to pay retired government workers. Most Americans are relying on a different broken retirement fund, Social Security. The Social Security Administration admits it is $50 trillion underfunded. They will run out of money by 2034. That means cutting payouts or raising the retirement age or both and even that is only a short-term solution. There are at least two senators who see the injustice in all of this. They introduced legislation to eliminate pensions for members of Congress. They say it’s not fair that while the poor gets poorer, Congress gets richer. The median American household net worth declined 0.94% per year from 2004 to 2012.

While the poor get poorer, Congress gets richer. Click To Tweet

Over the same period, 100 members of Congress watched their net worth gain 114% per year. Members of Congress added $316.5 million to their net worth during this time period. It wasn’t the Socialists in Congress who introduced the bill to address this wealth gap. They’re happy to ignore this prime example of the rich, literally stealing from the poor, getting rich at the taxpayer’s expense. They’re collecting salary three times the median household income and getting a six-figure lifetime pension. That’s Congress’ reward for sinking the US government $22 trillion in debt for creating debt bubbles in housing, student loans, utterly failing to address a broken Social Security system, wasting billions on things like a broken Obamacare website, defending congressmen from sexual assault, lawsuits and fighting like children during a government shut down while millions of Americans were out of work.

Whatever happens with the economy, whatever destruction their actions caused, rest assured they will take their money and run as they did in 2008 before the big financial crash. It’s strange how 34 different members of Congress rearranged their investment portfolios within two days of talking to top Treasury and Federal Reserve officials. One senator even sold up to $500,000 worth of Lehman Brothers stock the day after he met with the treasury secretary, just months before the firm declared the largest bankruptcy in history. These politicians suffer no consequences for the policies they forced on the entire nation. On the contrary, they personally gain tremendously from the turmoil they caused. That’s my problem off the article. It’s like Social Security, they want to take our money. It’s not the ones in there now, the ones that were in there when it started. They are all corrupt pieces of crap. Every one of them is corrupt piece of garbage. They want to take our money right now.

The way I see the Social Security right now, this is my take on it. I think Uncle Sam is giving me the middle finger every time I have to pay into the system. Every time my wife, a hardworking teacher pays into Social Security, Uncle Sam is giving us the middle finger and they’re telling us the words. They’re telling us, “We’re better at managing your own money, so screw you and give it to us. We’re elected politicians. We’re elite pieces of garbage crap. We don’t have to put into the system. We have our own little deal over here.” That’s facts. That’s not fake news. These politicians, they suffer no consequence for the policies they forced on the entire nation. Even if their pitches are cut, I’m not holding my breath. It’s largely a symbolic move. It won’t make a dent in the dire debt and liabilities for the US government. Unlike members of Congress, we are on our own for retirement. Our option is if you can’t beat them, join them. Run for Congress and watch your net worth skyrocket and you’ll be all set for retirement. A more realistic and ethical solution is to plan your retirement assuming the government promises will not be fulfilled.

One solution is to become a better investor. The end of the article goes, “The worst-case scenario is we are wrong. The government, by some miracle, save Social Security, pays off the debt, funds its pensions, doesn’t tank the economy and avoids another recession.” That’s probably not going to happen. You don’t need a retirement plan to retire. You need money. Most folks have their money stored away in some type of government qualified plan where the government is going to hammer you on taxes whenever you want to take the money out. God forbid, something happens to you and you want to access some of that money because life happens, they pop you with a 10% penalty for accessing your own money. That’s insane. Why would you want to put your money in a vehicle that pops you in the hand with a 10% penalty for getting to your own money? The 401(k) is a terrible place to put money. I have a solution to that. I have a strategy that the Roth IRA came from. It is funded with after-tax dollars and the money grows tax-free. No, it’s not an annuity. The money grows tax-free. You get paid a dividend every year.

SMR 21 | Congress Pension

Congress Pension: Politicians suffer no consequence for the policies they forced on the entire nation.


Funding Your Own Retirement

The dividends had been paid for 103 consecutive years. The money is tax-free. You can put as much money you want in there per year. If you want to put in $10,000 or $100,000, you can. When you take the money out in retirement, it’s off the radar screen of the IRS, meaning that you don’t pay taxes on that money. Some of the tax codes of this are 7702, 101(a), 101(g)-1, 72(e), which talks bad about an annuity because an annuity is a taxable income. When the money comes out, it’s considered a loan. Remember, you’re putting in after-tax dollars, it’s not taxed when it’s coming out. Also, the problem with the 401(k) and potentially annuities is that whenever you start drawing your Social Security money, when you turn on that Social Security faucet, in my opinion, if possible, you don’t have any money in your 401(k) because the government does a wonderful job. Uncle Sam is not on our side.

I don’t think Uncle Sam was out to necessarily looking for ways to pull a fast one over us. He does with certain parts of retirement plans. The government dangled the 401(k). I had lunch with a friend of mine. We were talking and he was asking me how I was doing, the radio show and everything. We got on the subject and I said, “I’ve had a lot of young people called me because I have said on the radio, ‘If you’re over funding your 401(k), if you are putting in more than the match, it’s not a bad idea to contribute the minimum amount of your 401(k) to get the match, but don’t overfund it.’” If you’re doing that right now, call me because you’re already not seeing that money anyway from your paycheck. If you’re living fine, then we can redirect that money somewhere else. I was telling him about the strategy. He goes, “I’m over funding my 401(k).” I said, “Why are you doing that?” He goes, “To pay less in taxes.” I said, “What you’re doing is you’re postponing that tax to pay it later. Do you think taxes are going to be higher or lower in the future?”

Democrats Versus Republicans

He paused because he was going over his answers before he said it. He goes, “They’re going to be higher.” I said, “Why are you postponing a tax now to be in a higher tax bracket in the future?” He goes, “That’s a good point.” That is the point. Why are you doing that? I question anybody, if you believe taxes are going to be higher in the future, because we know December 31st, 2025, the sunset is over with. We know the previous tax brackets are going to get put in. It’s legislation right now, the law’s passed. 2025 is over with. We go back to a higher tax bracket. Especially if you have another ten or twelve years to work, why would you want to postpone that tax to be in a higher tax bracket when you retire? Unless you think taxes are going to be lower in the future, then you should be putting as much money as you can in your 401(k). I haven’t met a person who thinks that. I meet with a lot of people. I have a methodical process. I got to ask questions.

Are Taxes Going Up Or Down?

One of the first questions is, do you think taxes are going to be higher or lower in the future? If you don’t think we’re paying higher taxes right now, don’t call me. You’re wasting my time and your time because the government over taxes us. We’re taxed on everything and it’s ridiculous. States like Tennessee, Texas and Florida, they don’t have an income tax but how come they’re doing great? I know their property taxes are higher, but our property taxes are not low in Louisiana as well. If you are currently contributing more than the match of your 401(k) and you’re open-minded, call me. I’m going to show you exactly what I’m doing with my own money. We can get together for a hot cup of coffee or a cold brew. You never know in Louisiana with this volatile weather. Think about that, the volatile weather. We want the weather to stay one way or the other. We don’t want it to be volatile. It’s the same way with your retirement accounts, with your money, with your investment strategies.

Plan your retirement assuming the government promises will not be fulfilled. Click To Tweet

You don’t want to be in a volatile situation. Who likes to be around a person with Borderline Personality Disorder or BPD where at the flip of a light switch, they’re crazy? In the flip of a light switch, they’re sane. Nobody wants to be around that. I avoid them at all costs. There are better ways for your money to make money than what the traditional Wall Street broker wants you to know. There are ways for your money to make money other than the terrible low rates of CDs, the 49 different mutual funds that are out there and the fake phantom money in annuities. I love talking about that because it’s not real money plus it locks your money up for ten to fourteen years. Who wants their money tied up for that long? Bonds aren’t paying much. Stocks are volatile. There are other places. I have my money in three places. Oil and gas are a place.

Another strategy where I’ve put money every year is very similar to a Roth IRA, but it’s not. I am a fan of the Roth. There’s even a way to backdoor your Roth where you can pay taxes, you can do a conversion and pay taxes. I’m telling you that taxes are going to revert back to the previous tax brackets on December 31st, 2025. Possibly sooner with the far left lovers of taxation, the Democrats. I don’t like either party. Fortunately, I’m conservative but we can’t hide the fact that both parties are terrible at managing money. Don’t let the Republicans fool you and tell you they’re fiscal hawks because they are a bunch of liars. If something happens when people get to DC, they start lying. They’re liars. You got both parties that spend money out of control. Somewhat the Republicans, they don’t agree with higher taxes, but they spend more than the money coming in. Because the Democrats spend more of the money coming in, they’re going to raise your taxes. As soon as they raise your taxes, they are going to keep spending money. That’s why I don’t trust either side. The far left, they love about raising taxes. It’s crazy because this country is rich enough.

We need somebody to run on a platform of lowering tax rates, lowering tax brackets. That’s what needs to happen. Avoid the trap of falling for the government qualified plan where they encourage you to put your money or to store your money in a government-sponsored program like the CEP, simple IRA, 401(k), 403(b), etc. You do that for 25, 30, 40 years of your working career, then when you retire and you are ready to start drawing your Social Security out, they’re like, “Since you’ve done a pretty good job and you listen to us on putting your $750,000 in a 401(k), we’re going to tax your Social Security.” You’re like, “My Social Security has already been taxed. That’s been after-tax dollars.” They go, “We know, but we’re the government. We like to screw you over because you fell for the trap. We encouraged, taught and trained you and advertised for you to put money in your 401(k) to get a tax deferral. Because your money’s in there, not only do you have to pay the taxes when you’re coming out, probably in a higher tax bracket, but we’re also going to tax 85% of your Social Security, whatever tax bracket you’re in. You’ve done a good job of saving all this money in a government-sponsored program.” You’re like, “What the crap is going on here?”

SMR 21 | Congress Pension

Congress Pension: Avoid the trap of falling for the government- qualified plan where they encourage you to put your money in government-sponsored programs like the IRA or the 401(k), and the like.


Where To Put Your Own Money

What I spewed off there are facts. If you are a couple of years away from drawing Social Security, you need to call me and let’s have a conversation. I can send you a book or two. I can show you the things that have educated me, everything that I see and read and the people that are a lot smarter than I am that I follow, that I go to these meetings with several times a year. I left one in Pittsburgh a few weeks ago. There were 38 to 40 of us. There were eight tax lawyers in the room, tax attorneys across the nation. A fifth of the room were tax lawyers. Every one of them is telling their clients, “Have your money out of the 401(k) before you start drawing your Social Security.” The problem is where are you going to put it? I can show you that. I can show you what I’m doing with my own money.

I’m very fortunate, my grandfather bought some property in the mid-’60s. He bought 401 acres and that property is still in the family. My grandfather died in March of 1995. I was a freshman at Louisiana Tech. I’m in my dorm room studying when the phone rang. It was my mom and dad. They let me know he passed away. I saw him a few weeks before that. He had four children. My dad is the only one that passed away from the four. My uncle and two aunts are still living. Right now, we are looking at leasing that land and diving into a strategy that I believe in and that I see has been working for years. It’s a way to earn a nice decent rate of return. I don’t want to get caught up in too much on rates of return. This is a nice, simple and easy to understand a way to let your money earn money. To earn interest and never deplete the basis. There have been a couple of different companies who contact us.

There are a lot of oil and gas activities going on in East and West Louisiana Parish. Even a little bit in the Northern part of East Baton Rouge Parish, Saint Helena Parish, even some in Pointe Coupee Parish. The Austin Chalk formation is the formation that is being targeted right now. There are a lot of the leasing activities and a lot of drilling of wells going on right now around Jackson, Louisiana, Ethel, Norwood and Slaughter. The three main oil companies in those parishes I listed are Marathon, EOG and ConocoPhillips. When those companies go lease the land, like when we got the letter from ConocoPhillips to lease our land. If we’d have agreed to that, where did the money come from to pay us? ConocoPhillips is going to write us a check for the bonus money to lease the land. The real money is made if they drill for oil and hit the wells.

I don’t have a penny in the stock market. I have not a dime in the stock market, but I do follow a couple of stocks because I want to see what all these companies are doing. I follow ConocoPhillips, EOG and Marathon. Marathon has refiners right here in Louisiana and their stock prices around over $17. ConocoPhillips is around $68. EOG is around $88. I follow those and see what’s going on. I’ll follow the price of oil per barrel. Back to my question, where was the money going to come from if ConocoPhillips was going to pay us the money on the leases? ConocoPhillips is a publicly traded company. They’re always getting capital from investors. The company I worked for is a private company. We look for lenders/investors. As a lender, you loan the company money. They go and turn to buy up leases and do some things with that money. They, in turn, pay you a fixed rate of return. It’s not too shabby. It’s not a home run but it’s nice. It’s definitely more than the joke of a rate that the banks want to pay you.

You don't need a retirement plan to retire. You need money. Click To Tweet

There’s obviously a risk because people have said, “What’s the guaranteed rate of return to come out? You never heard me say the word guaranteed in this together because there’s a risk involved.” There’s a risk in anything as far as investing. Even in your fake FDIC insurance because it’s fake. Once you understand how the company makes money and what they’re doing with your money and where your money is located. Once you understand that there is a UCC-1 lien as far as collateral versus a security interest in the project loan documents. There’s a UCC financing statement with the appropriate authority. Usually, it’s the secretary of state in where we are. Most of our wells are in Texas. The Texas Railroad Commission oversees all the wells. This is not the oil well side of the investment. That’s another investment side that is awesome, that gives them some great tax deductions.

This right here is a secured business loan. The simple interest yield on this is a one-year 8%, two-year 8.5% and three-year 9%. Meaning if you lock your money up for three years, they’re going to pay you 9% a year every year for three years. For number’s sake, if you have $100,000 investment, they’re going to pay you $9,000 a year, but it’s going to be paid over twelve months. It’s almost $1,000 a month. It’s pretty good. A one-year commitment is 8%, a two-year is 8.5% and a three-year is 9%. It’s a simple interest paid monthly. If you want to lock it up and get some compounding interest going where you do not receive monthly interest, this works like a CD. You put your money in, at the end of the one-year, you get your basis back plus 8.3%. For two years, you get your basis back plus 9.23%, three years 10.28%. It’s not too shabby. This isn’t for everybody. Many people call and I make the introduction to the company, but it’s not for everyone to look at it.

It’s for accredited investors only and you need to understand what’s going on and it’s simple math. This could be a good fit for a small portion of what you’re doing with your strategies. This money is not tied to Wall Street. This money is not going to fluctuate because something’s going on with the price of tea in China. People look at this and they’ll say, “Nothing is paying 9%.” No, he’s lying because I see the money coming every month. There’s risk involved, but once you understand the risk, I’m reading right here. “Each business loan is guaranteed by the company. Secured by a pari-passu security interest in the project loan documents perfected via a UCC financing statement in favor of each lender. Perfected liens are created when the lender files a UCC financing statement with the appropriate authority, commonly the Office of the Secretary of State. The state specifies the collateral used to secure the loan and gives the lender precedence in the collection process if the borrower defaults. Unperfected liens leave lenders open to possible claims against the collateral by other creditors. The project loan will be secured by liens against the real and personal property of the sponsor.”

SMR 21 | Congress Pension

Congress Pension: There’s a risk in anything as far as investing, even the FDIC insurance because it’s fake.


If you’re looking for something different and if you’re looking for a way for your money to make money that’s not tied to Wall Street, that’s not tied to volatility, this could be a place. If you’re looking for monthly cashflow or monthly income, if you put up $150,000, you’re going to get $12,000 back a year, basically $1,000 a month. At the end of the 36 months, you can renew or you can say, “Company, go and send my basis of $150,000 back.” It’s done, but you’ve been collecting monthly income. That’s the deal with that. Cashflow is king. Being a business owner and having four children in private school, cashflow is king. I also have money in the oil wells. That monthly income is not as consistent as this. Because it’s not as consistent, we get rewarded with some phenomenal, terrific, wonderful, fantastic, awesome tax deductions. When you invest cash in a direct participation oil project, there are some amazing things that happen. Also, there’s a risk involved in that. You have to understand that. According to the US tax code 263(c), 59(e), there’s something called intangible drilling costs and they’re awesome. Intangible drilling costs are great. We love those costs because we get a straight line deduction that affects our bottom line.

The IRS section, tax code 611 and 613 and in 613(c)6 is the depletion allowance. That’s the thing I want you to understand, all this is in current tax code. I’m very fortunate to be aligned with the company who has been successful. We have drilled dry holes before. We have not hit a well. Whenever you have multiple wells in a project, there’s diversification there. There’s risk diversification in that project. This is what has to happen to get paid in an oil well project. Are we going to hit all? That’s the number one question. The answer is, “Yes, we’re going to hit oil.” The technology for oil and gas has changed and has gotten to many improvements in the last fifteen years. We’re going to hit oil. Number two, what’s the price of oil per barrel? That changes with every nanosecond of our corrupt government and corrupt Wall Street. It changes every millisecond. Either way the price of oil per barrel changes, but I follow it. I usually look at it twice a day. Right now, the price of oil per barrel is around $58. We think it’s going to trend higher.

Number three variable is how many barrels is being produced per day. You add all those up to see how many barrels are being produced per month because that’s where your check depends on. Those monthly checks are nice to me. I’m in the same projects that I talked about on the show. We don’t get into details on the show about the projects. Once you make contact with the company, they go over that with you and educate you on that, to see if this is what a portion of what you want to do. The monthly checks are nice. That’s what they are, they’re monthly. There are some amazing tax benefits for that. It used to be the law stated where you could deduct up to 85% of your initial investment. I did the math on that. The minimum investment is $50,000. You can put in $100,000 and get up to with what the law states $85,000 deduction.

That depends on when the wells are drilled and when you invested. That also depends on the intangible drilling costs and all of that and lots of variables go into that. The law reads up to 85%, but it’s safe to say you’re probably around 78%. I’ve been in some projects that were 75%, some 78% and some 80%. I’d say the average is probably 78%. Show me another investment where you could put money in there and deduct that. The current administration, the current people in the White House made it sweeter. With the tax law changes, you could potentially get up to 100% deduction on the amount you can invest in. I don’t know of anything else out there like this as far as investing. If you do, call me and let me know because I want to learn about it. I know there are some things out there. There are tax credits. This is not a tax credit. It is a tax deduction. Once you learn about it and read about it, this might be a place for a small portion of what you want to do. You might think I’m joking, but I mean this from the sincerity, deepest bottom, middle of my heart. There are some lunatics that are elected people in this country.

There are better ways for your money to make money than what the traditional Wall Street brokers want you to know about. Click To Tweet

I am not saying that to be funny. I truly think if they went to a lunacy hearing, they would be charged with being a lunatic and would go to a facility somewhere. We have some elected politicians right now that are insane. If you cut off the oil and gas to this country, we’re done. This country is thriving right now on oil and gas. This city alone would be in a terrible situation if something happened to ExxonMobil. This country is going to keep producing oil and gas for the next hundreds of years. We still should look at trying to improve the emissions and we have. This country has taken some great steps to do that. Oil and gas aren’t going anywhere anytime soon. It could be a great place for a portion of your portfolio and a portion of what you do with your own money. Most advisors, even the certified ones, even the ones in the strip mall or shopping centers, they don’t have access to this. This isn’t running through Wall Street. This is private equity. If you want to invest in oil and gas through Wall Street, you get to go directly by the stock of the company or in some mutual funds that own it or maybe some master limited partnerships, which those are pretty good too.

A Serious Look At Oil And Gas

Take a serious look at oil and gas. I’m not talking about the mutual fund that you own that has 2% ownership in oil and gas. Take a serious look at it. Here’s an opportunity to go directly to the company. I’m a salaried employee for the company. When someone puts their money in, whether it be $500,000 or $50,000, I don’t get a commission from that. I’m a salaried employee. I’m not trying to upsell you on anything. I’m showing you, teaching you, talking about the current tax benefits of the US government, IRS tax code that we are taking advantage of for drilling for oil and gas. We’re getting a nice tax deduction. We’re getting monthly income. We’re going to sell the project in three to five years. That’s the goal. Those checks are not consistent. They have several variables, but before we ever drill the wells, we have to go to lock down the land like the big boys do, like Conoco Phillips and EOG and Marathon are doing right now in East and West Louisiana Parish and Saint Helena Parish.

There are some oil and gas drilling going on at Saint Helena all the way across to Pointe Coupee went up to Wilkinson and mid-counties in Mississippi. Before those companies go drill the wells, they have to lease the land. We are doing the same thing in the Permian Basin. We have to lease the land first. These companies swap land. Years ago, we signed the least one time, it was February 14, 2011, we signed it to Devon Energy. Devon sold the leases a few years into Goodrich Petroleum. Goodrich Petroleum paid us on the two-year option. We do the same thing. This company I work for, we do the same thing they do. I don’t do that. I know how they do it and I hear stories and stuff. They’re swapping leases and laying around. They want to go drill this well here and all that. A lot of that’s going on. It’s an education process.

SMR 21 | Congress Pension

Congress Pension: If someone is giving you financial advice and they’re telling you that you’re going to be in a lower tax bracket when you retire, run far away as fast as you can from them.


I also encourage you if you have a smartphone, you can go download the iHeartRadio app free. You can listen to my podcast there. They had the previous there. I encourage you to go back and read our episode with Rebecca Walser. Everything that I do comes down to taxes in one form or the other. It’s either getting a tax deduction now or getting tax-free income down the road and this is not from an annuity. It all comes down to taxes and I believe that tax rates are going to be higher in the future. I don’t think there are many people doing what they’re talking about, what they’re showing their prospects or potential clients. Be careful of the guy that has 48 different mutual funds in his briefcase and he’s going to target date you because you’re going to retire when you’re 68 or retire when you’re 60. I want to be passionate and convicted that I believe in this so much that I have my own money in here. I’m contributing to this monthly. If you’re looking for a holistic financial planner, I’m not your guy. I don’t have all those licenses. I’m a salaried employee. I worked for an oil and gas company. I have another strategy that is where the Roth came from and that’s it.

Those are the three places that I’ve put my own money. If they’re good enough for me, they’re good enough for you. You don’t want to go to a cardiologist who’s morbidly obese. I like to take people’s advice that is doing what they’re doing. If someone is giving you financial advice and they’re telling you that you’re going to be a lower tax bracket when you retire, run far away as fast as you can from them or ask them if they will sign and date that and put it on their letterhead. They’re not going to do it because they can’t predict future tax rates. I know the tax rates right now are effective until 2025. Taxes are on sale right now because the tax rates we know are going to go back up. I’m giving you all this information free of charge telling you that tax rates are going to be higher in another six years. You have some planning to do. You can take some steps now to be in a lower tax bracket. Does that interest you? Call me, 202 SAGE, that’s 202 7243. The website is You can send me an email from there. I would love to show you the US tax code 7702, 72(e) or 263(C) and 59 (e). It sounds like I’m very intelligent saying all that stuff, but I’m just reading. I’m a good reader. I’ll show you exactly what I’m doing with my own money. We’re so fortunate to live in this country. God bless you. God bless the USA.

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