The Potential Hidden Costs of Inflation
You’ve probably heard about or experienced the effects of inflation – everyday items can cost more, and the monthly inflation numbers make the news. While the increased costs we see on a regular basis can have an impact on our finances, there may be some potential hidden costs to inflation we don’t necessarily see right away. Not All Tax Thresholds Are Indexed to Inflation Income tax brackets are indexed for inflation, but what about other tax thresholds? The $3,000 limit on capital loss deductions hasn’t increased since 1978 and isn’t likely to in the near future. Due to inflation […]
Phil Williams and Jim Brogan on Current Economic Trends Part 2
Jim Brogan joins The Phil Show on NewsTalk 98.7 where breaks down potential effects inflation could have on your financial plan, and how to plan ahead for this. Click the play button below to listen!
