Episode #39: 2 Tax Strategies To Implement Now In Case Of A Future Tax Rate Increase

Some say “if” but most likely “when” tax rates increase, are you prepared to take a hit? What are some strategies you can implement now to prepare for a future increase in tax rates? These two strategies are sure to soften the blow later on.

Check out the full show notes by clicking here.

Today's rundown:

1:23 - Why might tax rates be higher in the future?

3:03 - In 2015, a memo sent to the Speaker of the House said that our tax rates will need to double to cover expenses.

4:08 - What strategies can you implement now to avoid the pain of increased taxes later? 

5:39 - Strategy #1 if tax rates go up: Roth.

8:27 - What are the major benefits to a Roth?

11:29 - Strategy #2: Certain forms of cash value life insurance.