1. Don't assume taxes will be lower when you retire.
Here is why:
Taxes right now are the LOWEST they've been in a long time.
Look at this chart:
And note where the top tax rates were in the 1940's.
They were over 90%.
Here is why:
Taxes right now are the LOWEST they've been in a long time.
Look at this chart:
And note where the top tax rates were in the 1940's.
They were over 90%.
2. The government is currently 24.5 TRILLION in debt.
You can see for yourself at usdebtclock.org
And that's BEFORE all the stimulus stuff gets counted in.
You can see for yourself at usdebtclock.org
And that's BEFORE all the stimulus stuff gets counted in.
3. Politicians can't be trusted to behave.
Look where taxes started: at a TOP rate of 7% on any income over $500,000 in 1913.
But only 5 years later, the top rate went to 67%.
Look where taxes started: at a TOP rate of 7% on any income over $500,000 in 1913.
But only 5 years later, the top rate went to 67%.
4. So, since you're going to 'bet' with your retirement money one way or the other, which way do YOU think taxes are going?
Up?
Down?
And a little or a LOT?
Plan accordingly.
Up?
Down?
And a little or a LOT?
Plan accordingly.
5. If you want to learn more, I've put a free course together to teach you the basics of financial literacy.
You can check it out here:
ducerus.provenwealthstrategies.com/free-access
You can check it out here:
ducerus.provenwealthstrategies.com/free-access
6. And, I can't believe I'm doing this, but you can check out this TicTok video if you haven't seen it already.
The math is solid, btw.
The math is solid, btw.
