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Four Ways to Fight Inflation by Sean Mullaney on Savvy Tax Planning and Leveraging Low-Interest Debt
Description
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Episode 3222:
Sean Mullaney offers four strategic approaches to reduce your exposure to inflation, including savvy tax planning, leveraging low-interest debt, maximizing travel rewards, and making spending choices that minimize future costs. With a unique lens on how current decisions shape future financial burdens, he encourages a balanced mix of retirement accounts and intentional living to stay ahead of inflation’s bite.
Read along with the original article(s) here: https://fitaxguy.com/2022/06/
Quotes to ponder:
"Getting money into Roths and HSAs excuses future growth from taxation, including growth attributable to inflation."
"Inflationary environments are great for debtors, particularly those debtors who have locked in a low interest rate for a long term."
"You can use today’s spending to reduce your exposure to future inflation."
Episode references:
Camp FI: https://campfi.org/
Mark’s Money Mind: https://marksmoneymind.com/
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