12.07.23 New Tax Brackets Favorable / Proof Of Money! Your Account Statements

Inflation silver lining: New IRS tax brackets for 2024. By historical standards, tax rates are low - at 12% on average. Understand how this informs financial planning, from Roth IRA conversion to home buying. In an era of historically low tax rates, don’t fall for irrelevant “tax smart” pitches. Also today, a very scary reason why you should always receive paper statements or keep digital records for all financial accounts.  

• New Tax Brackets: Segment 1
• Ask Clark: Segment 2
• Financial Account Statements: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• Today in History - December 7 | Library of Congress
• Inflation Causes IRS to Raise Tax Brackets, Standard Deduction by 5.4%
• Should I Convert a Traditional IRA to a Roth IRA?
• How To Use Priceline To Save on Travel
• BBB-File a Complaint
• Return a Gift - Amazon Customer Service
• Clark’s Christmas Kids
• Why Banks Are Suddenly Closing Down Customer Accounts
• My Wells Fargo bank account was closed with no warning – I lost all my life savings but they said it didn’t exist
• The #1 Bill You Should Get by Mail
• What's the Best Place To Sell a Car in 2023?
• What Brokerage Do You Recommend for First-Time Investors or Kids?

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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