12.07.23 New Tax Brackets Favorable / Proof Of Money! Your Account Statements

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 7 December 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation silver lining: New IRS tax brackets for 2024. By historical standards, tax rates are low - at 12% on average. Understand how this informs financial planning, from Roth IRA conversion to home buying. In an era of historically low tax rates, don’t fall for irrelevant “tax smart” pitches. Also today, a very scary reason why you should always receive paper statements or keep digital records for all financial accounts. New Tax Brackets: Segment 1 Ask Clark: Segment 2 Financial Account Statements: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Today in History - December 7 | Library of Congress Inflation Causes IRS to Raise Tax Brackets, Standard Deduction by 5.4% Should I Convert a Traditional IRA to a Roth IRA? How To Use Priceline To Save on Travel BBB-File a Complaint Return a Gift - Amazon Customer Service Clark’s Christmas Kids Why Banks Are Suddenly Closing Down Customer Accounts My Wells Fargo bank account was closed with no warning – I lost all my life savings but they said it didn’t exist The #1 Bill You Should Get by Mail What's the Best Place To Sell a Car in 2023? What Brokerage Do You Recommend for First-Time Investors or Kids? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Everything is fuel for your creativity with the Lenovo Yoga laptop series.
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0:25.8	evolved with Intel Evo Platform. It's my pleasure to welcome you here to the Clark Howard show on a most important day in our nation's history.
0:42.0	December 7, 1941, the day that, as our president said,
0:48.2	today that will live in infamy, the day the Japanese surprise attack on Pearl Harbor, for Americans at that time,
0:58.0	it was the most important and upsetting date of their lives and remain so for the rest of their lives.
1:07.0	Today a lot of people don't even know the significance of December 7th. We ended up being triumphant in World War II,
1:18.0	great loss of life around the world, but I want to make sure I draw attention to that for a specific reason.
1:26.6	I'm grateful to the brave people who fought in World War II
1:32.4	and preserved freedom and democracy in the world.
1:36.7	And also that we remember that as life brings unexpected terrible events like for those of us in more modern time
1:47.0	September 11th oh one that we remember that human beings can deal with tragedy, can respond to it, overcome it, and thrive.
1:58.0	And all of us in our lives as citizens of the United States, as individuals in our own lives in our own community.
2:05.8	We're always met with various hardships.
2:08.8	And I just want you to remember that we have more ability as human beings to overcome tragedy and triumph over it
2:18.5	than we often give ourselves credit for. Life at times will present out of nowhere really difficult and
2:28.4	sometimes brutal circumstances, but one of the things we have as human beings is the ability to overcome, adapt, and ultimately thrive again.
2:41.0	And as you meet hardships in your life, I hope you'll remember what I've said right now
	...

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