Welcome to the Jill on Money Podcast. It is Sunday December 13th. It's time for

part two of your year-end financial planning with the president and founder of Wealthstream

Advisors Michael Goodman. In this episode we're going to talk about those of you who

may have had a little bit of a problem.

You bailed out of the market, now you don't know when to get back in.

We're also going to cover when it makes sense to pay down a mortgage or refinance,

and all sorts of general things associated with the year end.

Here is part two of our interview with Michael Goodman.

Do you think that there is a likelihood that we are going to see some changes on the tax code?

Yes, there frankly there has to be and you can play this out, you know, politically if you want to, but I just believe non-politically the deficit

and the debt is just reaching levels that we've never seen before and you can only do so much economically to come out of that.

There's gonna be many other levers that have to be worked to get us out of that

situation and taxes will be part of that. The real question is going to be how fast is that going to happen? Is that going to be a 2021 item or later and what kind of changes.

But you can only do so much so quickly.

And I also believe that you don't want to,

as we're coming out of this COVID-induced economic challenge, you don't want to immediately start raising taxes

because there's this big belief in perception that that will hurt the economy.

So I think it's more of a 20-22 item, but that's just a guess on my part I don't know for sure.

I mean if you really believe long term that taxes will be rising in the future does that suggest

that you are tending to lean towards Roth options,

paying your taxes at these rates now?

You know, again, presuming you've run the numbers and worked with your financial planner and done all the things you're supposed to do is that essentially your your position with your client base?

...