From 1944-45, the top U.S. marginal tax bracket hit a whopping 94%. Today, the top marginal rate is just 37%. The problem is exploding national debt and unfunded liabilities tied to Medicare and Social Security have pushed the U.S. government’s credit card tab to well over $100 trillion. How will the government pay for runaway spending?
In this episode, Ron DeLegge @etfguide explains why proper tax positioning is urgent for all investors. It’s also a key requirement for proper retirement planning. While previous generations of retirees faced falling income tax rates, our generation will face a far different retirement of skyrocketing tax rates. Plan ahead to protect yourself!
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#retirementplanning #SocialSecurity #Taxes