E16: How can I protect myself from tax uncertainty? What should I do if tax rates go up?

With government spending at record levels, many people are worried that the chickens are going to come home to roost in the form of higher taxes. Sue from Chicago asks how to protect her future income from a shifting tax landscape. Mark and Laura explain why your 401(k) is essentially a joint account with the IRS and how that can affect your Social Security.

We dive into tax-efficient strategies for business owners and retirees alike, including the sneaky changes to inherited IRAs that could push your beneficiaries into a higher tax bracket. Learn why an advisor who doesn’t consider future taxes can be doing you a disservice and how to position your assets to keep more of what you’ve earned.