On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [9:13] And this week’s financial planning topic is taxes in retirement, how to know what you’ll owe. Plus, the tax liability of the 4 different sources of income in retirement.
[0:42] The first headline, “Workplace Automation”, is an article that explores how employers worldwide implemented more workplace automation in the response to the pandemic and what impact that will have on the companies and their workforce.
[3:21] The second headline, “First Americans”, discusses how scientists found fossilized footprints from children and adolescents that are approximately 21,000 to 23,000 years old, providing definitive proof that humans were in North America before the last ice age.
[5:57] Our final headline, “The U.S. Debt Ceiling”, is a deep dive into what the debt ceiling is and why it’s so important as we enter into the final weeks before congress needs to pass legislation to avoid the U.S. government from defaulting on its loan obligations like veteran’s benefits or Social Security payments.