Hello whinevers, my name is Jesse Meekkam and this is podcast number 102 for

you need a budget will we teach you four rules to help you stop living paycheck

to paycheck get out of debt, and save more money.

One way to save more money is to be diligent, vigilant, laser focused on that expense that eludes most every single one of you, on that expense

that is a black box, a massive confusion point, an economic drain, and a huge frustration,

and that is taxes. I don't mean frustration in the pain of taxes or in the policy of taxes. I just mean in the process of compliance with those taxes you

excuse me should never pay more taxes than you're do. And what is do can be optimized with the help of people such as my financial advisor Casey Murdoch. You all know the story.

Save me I think $23,000 by doing a little paper move because I was on the cusp of certain phase-outs and that's what we'll talk about here, phase-outs, and how they affect you and why you should be on the lookout for them.

Okay so I'm here with Casey Murdoch who is my financial, my tax advisor specifically and

should be yours as well. Casey, welcome back to the podcast.

Thanks.

Glad to be back.

So we're going to talk about something that most people probably have no idea

has even happened in the tax code, is my guess.

If you're, if you have an advisor, maybe they've educated you on it.

But if you're using tax software like TurboTax or some equivalent, it most likely just kind of does all this magic behind the scenes and gives you your number.

So the topic we're covering is phase out.

And Casey, if you want to just kind of kick us off

and first explain to everybody basically

what a phase out is, and then we'll go into more detail.

Okay good. A phase out and there's actually some phase-ins as well.

It's basically where there's a tax rule or law

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