In this final episode, Tom and Jeremy Kessler delve into the complexities of future taxation. They discuss the potential impact of changing tax rates, the Trump tax laws set to expire in 2025, and the looming challenges with estate taxes and government debt. With humor and expertise, they explore strategies for safeguarding your wealth and staying ahead of the evolving tax landscape. Whether you're a business owner or an individual looking to protect your financial future, this episode offers valuable insights and practical advice. Don't miss this candid conversation about the ever-changing world of taxes and how to navigate it successfully.
Highlights
01:16 The key things that can impact the sunset of tax rates
03:36 Recommendations on financial planning strategies, including the use of tax-free vehicles like Roth accounts, to mitigate future high taxation
04:30 The importance of not putting all your assets in one place and diversifying your wealth into different investment areas
06:18 What people don't consider when choosing between Roth and IRA
10:14 The importance of planning for estate taxes
12:17 Increased healthcare costs and social security implications on future finances, signaling a potential future increase in tax rates
13:05 How to get professional help for financial planning especially for bigger states to prevent possible financial adversities in the future
Episode Resources
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