Under the new Administration, there are proposed tax increases under review in Washington, and it’s beneficial if you understand them sooner rather than later! 

In this episode, Barry Watts and Eric Burlison discuss various proposals that have been presented by the Biden Administration that could potentially increase your taxes. Barry and Eric highlight three of these proposals and help you understand just what they mean and how you can prepare for these changes.  

In this episode we discuss:

• The elimination of the step-up basis 
• How Social Security will be impacted by these proposed increases
• How taxes will increase for corporations and high-earning individuals
• What the changes could mean for the country and you 
• And more!

Tune in now to understand current tax proposals and how you can prepare for them. 

Resources: SavingYouTaxes.com | J. Barry Watts | Eric Burlison

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When it comes to your money, it is important to have the right amount in each bucket so you can hold the most amount of non-taxable money. 

In this episode, Barry Watts dives into conversation about the three buckets your money could fall into, what taxes look like in each bucket, and just how much money you want to keep in each bucket. 

In this episode we discuss:

• What each of the three buckets are and what they’re used for
• The tax situation in the three buckets 
• How much money you should be holding in each bucket 
• And more!

Tune in now to learn about tax-free accounts and how you could be moving your money around to save on taxes! 

Resources: SavingYouTaxes.com | J. Barry Watts | The LIRP Account Podcast 

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