2022 has been a year of stock market volatility, but it's also been a year that's given many people a surprise on their tax bill. When income from stocks is down, you might think that your tax bill should be lower. But in some instances, this hasn't been the case.
Part of the problem stems from the fact that stocks ended 2021 on such a high note. Because of that, your Required Minimum Distributions for this year, which are based on your year-end balance from last December, have often been higher than many people expected.
And why are some people getting a bill this year for extra capital gains taxes? These questions and more are answered this week as podcast host Johnny Dean speaks with "Professor" Rick Plum, CFP® and Lucia Capital Group Advisor Jonathan Savona, CFP® on this week's episode of Managing Your Financial Future.
