March 31, 2025 – Taxes eat into your investment returns. On today's Lifetime Planning episode of the Financial Sense Newshour, we discuss how AGI and taxable income determine your tax bracket, impacting how your investments are taxed. It's not just income tax; capital gains, Social Security, and Medicare all take a bite. Tax rates vary; dividends and long-term gains are often lower. As well, we look at how you can reduce taxes by maximizing deductions, using retirement accounts, business losses, and investing in treasuries. Tax deferral and strategies like LIRPs/Roth accounts can help. Smart tax planning boosts your wealth accumulation. Don't let taxes steal your hard-earned gains. Listen in as we discuss some important strategies!
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