Episode 1317: The Weekly Wrap 11.9.24

Gregory Ricks and Jude Heath discussed the future of taxes, focusing on the potential impact of the new administration. They highlighted the importance of tax efficiency and the benefits of no tax on overtime and tips. They also addressed the need for Social Security tax reform, suggesting inflation-adjusted brackets. Additionally, they covered the FinCEN and IRS requirements for entity notifications, emphasizing the December 31, 2024, deadline for entities created before January 1, 2024. They also touched on the complexities of setting up charitable trusts and the administrative costs involved.For LIVE financial news talk radio, tune into "Winning at Life with Gregory Ricks" LIVE on Saturday Mornings on:WRNO-News Talk 99.5 FM New Orleans - 10 am - 1 pmWBUV-News Talk 104.9 FM  Biloxi - 10 am - 1 pmORFor financial news talk ON DEMAND, tune into the Ask Gregory Podcast for more financial topics that may interest you! Visit: https://gregoryricks.com/podcast/