Taxes
As of 2022, our national debt is at the highest it's ever been while our marginal tax brackets are among the lowest in history.
#Thinkcritically
What does this mean for future tax rates?
What impact would increasing taxes have on you as an individual?
Do you believe taxes will be higher or lower in the future? Regardless of how you answer this question, you should run simulations and projections that include the impact of taxes on your distributions. If you have $1,000,000 inside your 401(k)/IRA, at what rate will your withdrawals be taxed?