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Preparing for Taxes and Inflation in the Next Decade

February 10, 2020 – Jim Puplava and Cris Sheridan start things off by looking at two of the most important changes from the SECURE Act. Then Jim dives into tax brackets and explains how it’s possible to lower your taxes by planning ahead. They also discuss the impact of inflation and Jim’s “gotcha figures” in the tax code that you don’t want to miss.

Jim's Biggest Takeaways From the SECURE Act:

  • Change in minimum distribution age from 70 ½ to 72
  • Ten year limit; elimination of IRA stretch

Tax Brackets

Bracket Single Married
22%$40,125$80,250
24%$85,525$171,050
32%$163,300$326,600

To learn more about how Financial Sense Wealth Management can help you navigate these changes and secure a low tax or tax free future, contact us.

Click here to learn about our tax planning services

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