How the IRS is Helping You Cope with Inflation (1/11/23)

(1/11/23) Fed Head Jerome Powell's expected speech in Sweden Tuesday underwhelmed on content, creating impetus for markets to rally; think: Why would the Fed cut rates now if things are "fine"? The new Congress is considering de-funding all those additional IRS Agents; meanwhile, the IRS is helping cope with Inflation by raising the standard deduction: Do you know your effective tax rate? Who really pays taxes...and who doesn't? Why the US has the highest rate of wealth redistribution. How much does it take to be "rich?" How the Secure Act 2.0 helps. Healthcare Expenses in Retirement vs. being rich: How to hedge for healthcare; the theory vs reality of Term Life Insurance; Inflation hits Guinness prices. SEG-1: Jerome Powell's Nothing-burger SEG-2: The 118th Congress & How IRS is Helping Cope w Inflation SEG-3: What Does it Take to Be Rich? SEG-4: How to Hedge for Healthcare in Retirement Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=JjaN_zvTl40&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2668s -------- Our new feature, Before the Bell: "Why Markets Could Rally Today," is here: https://www.youtube.com/watch?v=69Os8fdH8oY&list=PLVT8LcWPeAuiwiJLZ3oP_26MezKj1bhsu -------- Our previous show is here: "Reverting to pre-Obamain Rules in Congress" https://www.youtube.com/watch?v=PuzcZVPecjc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1903s -------- Articles mentioned in this podcast: "The Lag Effect Of The Fiscal Pig & Economic Python" https://realinvestmentadvice.com/the-lag-effect/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #IRS #JeromePowell #InterestRates #Inflation #Recession #FederalReserve #Markets #Money #Investing