One of the most common questions Bruce Hosler and the team at Hosler Wealth Management are asked: "Will taxes go up or down?"  And while we don't have a crystal ball, there are some pretty strong indications that taxes are going to go up.

First, the 2017 Tax Cuts and Jobs Act, without any intervention from Congress, will sunset in 2025, returning all tax rates to their previous, higher levels.

Next, our national debt sits at $29 trillion dollars. With interest rates going up, the debt service on that number is going to go up. This will also affect Medicare, Medicaid, and Social Security going forward.  Bruce and Jon take a deep dive on these topics, including a real shortage of caregivers that our country is facing in the coming decades.

Again, all indications are that taxes are going to go up.  With that in mind, we conclude today's podcast by discussing strategies you can employ now.

For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit them online at https://www.hoslerwm.com/

Or call them in their Prescott office at (928) 778-7666 or their Scottsdale office at (480) 994-7342.

For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/

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