How is Your Social Security Benefit Taxed in Retirement?

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Do you have a tax-efficient retirement income strategy that maximizes Social Security? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact.

It's no secret that the Social Security system can be complex.

One of the most complex parts of Social Security is how your benefit will be taxed. When S.S. was first put into law, it was said that it wasn't taxed and would never be.

Well, that changed in 1983. Now everyone's benefit will potentially become taxable.

But exactly how much of your benefit will become taxable will depend on the
Social Security Tax Calculation Formula or otherwise known as provisional income.

Understanding this formula is critical to building a tax-efficient retirement income.

In this video, we'll walk through step-by-step examples showing exactly how to determine how much of your Social Security benefit will be taxable and a few strategies you can use to keep that taxable number small.

If you have any questions, don't hesitate to ask them in the comments below.

#SocialSecurity #retirementincomeplanning

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