Inflation Part 2: How Inflation Will Affect Your Tax Bill
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
4.7 • 678 Ratings
🗓️ 22 February 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
Today I'm sharing what the recent spike in inflation will do to your tax bill.
Why?
Because the higher inflation is, the more uneven its impact is on taxes owed by retirement savers.
And nobody likes it when Uncle Sam catches them off guard!
If you want to know the 6 ways inflation might impact your taxes this year, you're going to love this episode.
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Transcript
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| 0:00.0 | Welcome to the Stay Wealthy podcast. I'm your host, Taylor Schulte, and today I'm sharing how the recent spike in inflation might affect your tax bill. |
| 0:13.2 | For the links and resources mentioned today, just head over to you staywealthy.com forward slash 144. |
| 0:19.8 | So first, just a quick personal update that my family and I are |
| 0:23.4 | finally, finally back in our home after moving to five different houses over the last |
| 0:28.2 | nine weeks with our three kids and a dog. While we did make the best of it, and thanks to |
| 0:33.7 | insurance, we stayed in some very nice rentals along the way. It just feels good to get settled and back into our home again. |
| 0:40.6 | If you're a new listener, you can hear more about our house flood situation and some of the |
| 0:45.1 | insurance lessons learned by checking out episode number 137, which happened to be the very last |
| 0:51.1 | episode that aired in 2021. |
| 0:53.7 | Also, just about all of the stay wealthy |
| 0:55.8 | sweatshirts have been mailed out, and I'm loving the messages that I'm receiving from everyone. |
| 1:00.6 | Stuart Y said it's very high quality, just like this show. Much appreciated Stewart. |
| 1:06.0 | Glenda P. said that she loves it, and it's keeping her warm on her daily runs. You're awesome, Glenda, thank you. |
| 1:13.2 | Charlie O is thankful that he has something to keep him warm for the last few days of winter out in Las Vegas, Nevada. |
| 1:19.9 | I'm sure it's going to be 120 degrees here soon. |
| 1:22.5 | So enjoy that weather, Charlie. |
| 1:24.4 | And Libby W. |
| 1:26.1 | Didn't quite believe me when I said it was a high quality sweatshirt |
| 1:29.2 | and not just another cheap freebie giveaway, but she confessed that she's now worn it three days in a row |
| 1:35.1 | and even got a compliment from her husband. So thanks for the honesty, Libby, and really glad that |
| 1:40.7 | you and your husband are enjoying the sweatshirt. Thank you to everyone one more time |
| 1:45.6 | for supporting and engaging with the show. This giveaway was just a small token of my appreciation |
... |
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