Taxes
As of 2022, the national debt is at historical levels — the highest it has ever been. yet our marginal tax brackets are among the lowest in history.
What does that mean for future tax rates?
And if rates rise, how could that impact you, your income, and the wealth you’re building?
Understanding taxes
Do you believe taxes will be higher or lower in the future? Regardless of how you answer this question, you should run simulations and projections that include the impact of taxes on your distributions. If you have $1,000,000 inside your 401(k)/IRA, at what rate will your withdrawals be taxed?