The federal tax system came into being in 1913. Before then, this entire country was run on tariffs and so you pay no taxes. And… and so you just paid it kind of when you bought goods from overseas. And so, we’ve gotten away from that and now we’ve got some tariffs. We got the federal tax system and all that kind of good stuff. You know, there’s so many ways to look at it. One way is to say you know, if we truly do enact these tariffs, our goods will eventually start going up BUT do our taxes come down?
MARK FRICKS
ATLANTA – This episode dives deep into the current economic climate, focusing on how tariffs can affect the retirement landscape. We explore actionable steps to help secure your financial future amid rising costs and market volatility.
– Understanding tariffs and their implications on consumer prices
– Historical context of tariffs versus the modern tax system
– How you can put your cash to work during retirement
– Constructing a comprehensive retirement contingency plan
– Diversifying your investments for a better chance at financial stability
– Health maintenance as a key factor to consider in retirement planning