Your Retirement Elevated Podcast with Scott Dougan

5 Ways Taxes Can Rise & How to Protect Yourself

September 15, 2022

This topic of taxes is such an important one, especially when it comes to retirement, because the more you pay in taxes, the less income you’ll have to spend. By exploring the five ways taxes can rise, we can help prepare you for what might happen and then discuss the ways to protect yourself.

 

Here’s some of what you’ll learn on this episode:

  • Your taxes in retirement could do one of three things. (5:46)
  • What could lead to you changing tax brackets in retirement. (10:00)
  • The possibility of deductions being eliminated could impact you a lot. (13:33)
  • Assets could get taxed differently in the future, such as Social Security. (15:33)
  • What else can you be doing now to protect yourself for higher taxes. (21:30)

 

Get the PDF on higher taxes: https://listentoscott.com/wp-content/uploads/2022/09/PDF-Higher-Taxes-INCLUDE-IN-WEB-POSTING.pdf 

 

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