The RBCBOBT Tax Bomb

A frank discussion about gross versus net return, and how net has a different meaning, depending upon the desired outcome.

Location: The Grille at The Stone Creek Golf Course

Wednesday, June 10, 2026 - 1 PM to 3 PM - Call or Text 352-612-1000

Hosted by Truesdell Wealth, Inc.

A ‘true” fiduciary-based registered investment advisor. Home of Fixed Cost Investing™️.

There’s a quiet shift happening beneath the surface of the financial and political worlds, and most retirees feel it and know it’s coming.

There is a quiet shift happening beneath the surface of the financial world—and most retirees feel it and know it’s big. It is structural. It is generational. And it is building pressure from multiple directions at the same time.

Start with the basics. The United States is carrying historic levels of debt and running persistent deficits. That alone is not new. What is new is the timing. We are entering a period where obligations are rising just as the workforce supporting those obligations is changing. Millions of Baby Boomers are retiring. At the same time, the front edge of Millennials is beginning to move into midlife, and eventually retirement. We have been in a massive demographic wave that has been shifting from production, especially manufacturing to consumption.

Now layer in the workforce reality. Boomers did not as a general rule, have large families. The labor pool is not expanding at the pace it once did. Participation rates are uneven. Skills do not always match the jobs that need to be filled. And while artificial intelligence promises efficiency, it also introduces displacement. Some jobs will disappear. Others will be created. Black, blue, and gray collar jobs are not going away, but, transitions are never smooth, and they rarely happen on a clean timeline.

At the same time, global tensions the endless topic on the nightly news. The situation with Iran is not just a geopolitical headline. It carries real economic consequences, energy markets, defense spending, supply chain disruptions. These are not isolated events. They feed directly into inflation, interest rates, and government spending priorities. And coupled with the fact that the Trump Administration is telling the global shipping world that the United States Navy is not your endless security guard, well, it will be interesting.

Now add another layer—wealth concentration. We are living in a time where billionaires are becoming more powerful, more visible, and more concentrated. The idea of a trillionaire is no longer theoretical. And while wealth creation is part of a healthy economy, extreme concentration combined with limited redistribution mechanisms—such as a diminished estate tax—can create what amounts to a “wealth lock.” Capital stays in fewer hands, across generations, with less friction.

History has seen this before. Periods of concentrated wealth and economic imbalance tend to trigger a response. Sometimes it is political. Sometimes regulatory. Sometimes both. Think back to the era of Theodore Roosevelt, when pressure built to a point where structural change was no longer optional. It was demanded.

Here is where it all comes together.

You have rising debt.

You have persistent deficits.

You have a shrinking or shifting workforce.

You have demographic pressure from retirees.

You have technological disruption from AI.

You have geopolitical risk.

And you have increasing wealth concentration with fewer release valves.

Individually, each of these can be managed. Together, they create a tremendous amount of tension.

And tension, in economic systems, does not just sit there. It resolves.

Sometimes slowly. Sometimes suddenly. Sometimes for the good and at times for the bad.

For retirees and those approaching retirement, this is not about fear. It is about awareness. The environment you are living in today may not be the same before you die. Simply put, the environment that existed twenty or thirty years ago is unlikely to be the same in the ten to twenty years ahead. The assumptions—about growth, stability, liquidity, and even fairness—are evolving.

The key question is simple.

Are you positioned for a world that looks like the past…

Or one that is quietly, but steadily, changing underneath your feet?