It starts with TAXES. If you are a married couple in the US today and you make $120k/year,
your effective Federal Tax Rate is 13.1%. That number is lower than at any point in history for a
middle class couple. In 1978, a married couple in the US making $60k (reduced for inflation)
had an effective Federal Tax Rate of 53.3%.
Coincidentally, 1978 is the first year the IRS allowed workers to defer income into a 401k. The
federal debt was still measured in Billions (not Trillions) and the Dow Jones Industrial average
closed the year Under $1,000.
Listen to this episode of The 930 Plan Podcast and start learning how to “Change the way you
save!”