77. Demystifying Tax Rates: What You Need to Know
7.23.24 - 77. Demystifying Tax Rates: What You Need to Know
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In today’s episode, Erica and Ben dive deep into understanding marginal and effective tax rates, how they impact your income, and why they're important. The episode also provides tips on managing tax withholdings and recommendations for helpful financial resources.
04:57 Listener Mail: Early Retirement Resources
06:57 Exploring Budgeting Apps: Monarch
11:16 Understanding Tax Rates: Marginal vs. Effective
20:15 Practical Tax Tips and Withholding Adjustments
28:50 Wrap up
Resources Referenced:
Ep75 - Navigating early retirement options and "bridge years"
Simple Path to Wealth by JL Collins
Monarch Money (budget app) - 30 day free trial
2024 Federal Income Tax Brackets [Nerdwallet]
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