Preparing for Tax Changes: How the Expiration of the Tax Cuts and Jobs Act Could Affect Your Retirement (Ep.12)
Changes to the federal tax code could significantly impact your financial planning and retirement strategies.
What changes might be coming to the Tax Cuts and Jobs Act? How can you prepare for potential tax increases?
In this episode of Your License to Spend, Tim Whisler dives into the intricacies of the Tax Cuts and Jobs Act, exploring its impact on individuals and businesses and the uncertainties surrounding its expiration at the end of next year.
Tim sheds light on proactive tax planning strategies in anticipation of legislative changes and helps listeners understand how to adapt their financial strategies in an evolving tax landscape.
Tim discusses:
- The Tax Cuts and Jobs Act: Its impact on tax brackets, standard deductions, and child tax credits
- Corporate Tax Benefits: How the Act provided tax cuts for corporations
- Future Tax Planning: The importance of planning for potential tax increases and legislative changes
- Retirement Strategies: Recommendations for maximizing 401(k) contributions and considering Roth conversions
- And more!
Connect with Tim:
- 309-291-0491
- Email: Tim Whisler
- LinkedIn: Tim Whisler, CRPC®, CLTC®
- The Whisler Agency
- LinkedIn: The Whisler Agency
Book a Call with Tim:
Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.
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