12 • RUBY, WILDING & SWANSBURG
• Taxes from Individuals — Here’s an approach we’ve seen time and time again. Our government wants to spend more money. How does it get more money to spend? It raises taxes on Americans. Sometimes this is through adjusting tax brackets, and sometimes this is through other changes to the U.S. tax code. Either way, the end result is more tax revenue for the IRS—and potentially less money for you to keep. It’s likely our government could attempt a combination owfea lbl eol ife vt he e steh es t rgaot evgeirensmienn tt h ewyi lel a rl se atno cmo omset . Bhue at ,v bi l yy f aorn, the approach of raising taxes. As outlined above, long- term, sustained reduced government spending is so unlikely wexepeccatend caot nmsioddeerstitrataesnfoonr -ysetaarrtserd.ueEctoontohme ic growth is lasting global itma xpeascat r eo fa tCtOhVe ItDo-p1o9f aanvde rhyisghho rdtelbi stt loefvoepl st.i oInt ’ss. c l e a r r i s i n g The takeaway? It’s imperative your retirement is pfrroomteactreidsifnrgomtaxaellntvhiersoenmopetniot.ns—and particularly protected A Marathon, Not a Sprint Do you know anyone who runs marathons? (If you do, Ir’umnnsiunrgemyaoruatkhnoonws.)—marathon runners love to talk about Aa dnddi t iiot 'nsa letqauxarl el yv eunnucel et oa rr eidf uCc eo nt hger edsesb tw, ooru lsdi mupsl ye uussetoit.a. s. an opportunity to spend more. Which leads
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